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In this Excel tutorial, the presenter explains how to use the Replace function in Microsoft Excel. They emphasize the importance of practical application for understanding the function. The Replace function is used to substitute part of a text string with a new text string. To implement it, start by typing the formula "REPLACE" and the function will prompt for parameters, beginning with the old text, which is the original text string to modify. The tutorial aims to guide users on effectively applying the Replace function in various scenarios.
