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In this tutorial, the presenter introduces the SELECTEDVALUE function in DAX, emphasizing its usefulness and versatility in various scenarios. The key to effectively using SELECTEDVALUE is understanding its function. The presenter demonstrates its application by showcasing a report that displays product names, sales amounts, and product classes in a table format. The example highlights the ability to rearrange columns from the product table within the report. Additionally, the presenter shows how to transform the table into a matrix, signaling the transition from one visual format to another while maintaining the relevance of the product class in the analysis.