Create named ranges

- [Instructor] So far all of the formulas I've shown you…use cell references such as A3 or A2:A5 to designate…which cells should be summarized in a formula.…Those references work just fine but it can make it…hard to understand exactly which data your formula…summarizes.…You can make your formulas easier to comprehend by assigning…names to groups of cells and then using those named ranges…in your formulas.…I'll demonstrate how to work with named ranges in this…movie, this workbook contains a single worksheet and in it…I have summary data, monthly revenue data, for the fiscal…years 2013 through 2018.…

Let's say that I want to refer to FY2017 in an named range,…so I'll select cells F5 through F16 taking care not…to include the summary total at the bottom and then…I can go to the name box at the top left corner just…above the column headers and to the left of the formula bar…and now I need to type in the name of the range.…I could try typing in FY2017 but if I did, I would go…to cell FY2017 that's one of the navigation shortcuts…