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QUESTION: I have an averageifs function I'd like to pair with effectively a "Maxifs," "Minifs" and "medianifs" funciton. I know I need to turn it into an array function, but don't know how to. Apologies for how disgusting this formula looks...

=IFERROR(AVERAGEIFS('PE-VC Transactions'!$I:$I,'PE-VC Transactions'!$K:$K,Financings!$B$3,'PE-VC Transactions'!$L:$L,Financings!O$3),"NMF")

Is it easily done?

Thanks!

ANSWER: Bill,

You can build your conditional array with:

if(('PE-VC Transactions'!$K:$K=Financings!$B$3)*('PE-VC Transactions'!$L:$L=Financings!O$3),'PE-VC Transactions'!$I:$I)

so

=IFERROR(MAX(IF(('PE-VC Transactions'!$K:$K=Financings!$B$3)*('PE-VC Transactions'!$L:$L=Financings!$O$3),'PE-VC Transactions'!$I:$I)),"NMF")

entered with Ctrl+shift+Enter rather than just enter since this is an array formula

=IFERROR(MIN(IF(('PE-VC Transactions'!$K:$K=Financings!$B$3)*('PE-VC Transactions'!$L:$L=Financings!$O$3),'PE-VC Transactions'!$I:$I)),"NMF")

entered with Ctrl+shift+Enter rather than just enter since this is an array formula

Median isn't going to work.

--

Regards,

Tom Ogilvy

---------- FOLLOW-UP ----------

QUESTION: Thanks, worked perfectly. I tried to steal your work to put into a slightly different array, and had some issues. Do you see anything in this formula which would make it not work?

=IFERROR(MAX(IF(('M&A Database'!$S:$S=O$3)*('M&A Database'!$N:$N='M&A'!$B$3)*('M&A Database'!$I:$I<1000),'M&A Database'!$P:$P)),"NMF")

Also, in general, to add additional conditions to the array, can I simply add "*([range]=[condition])" to the formula, and ctr + shift + enter and I'm there?

Thanks again

Bill,

In you second condition you have 'M&A'!$B$3 If you follow pattern, that should be just $B$3.

this worked for me:

=IFERROR(MAX(IF(('M&A Database'!$S:$S=O$3)*('M&A Database'!$N:$N=$B$3)*('M&A Database'!$I:$I<1000),'M&A Database'!$P:$P)),"NMF")

Otherwise make sure you sheet names are correct.

As far as adding conditions, you are correct.

If a condition is true, it will result in a 1. Then for an individual row, if any condition is not met it will be zero and the result of the multiplication will be zero. Zero is equivalent to False.

--

Regards,

Tom Ogilvy

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