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Final answer:
Relative referencing in Excel uses letters for columns and numbers for rows to adjust references dynamically when formulas are copied. Understanding and using relative and absolute references optimizes the flexibility and accuracy of Excel formulas.
Explanation:
Relative referencing in Excel is a system of referring to cells using letters for columns and numbers for rows. When a formula with a relative reference is copied to other cells, the references adjust based on their position.
Absolute cell references, indicated by a dollar sign symbol in front of both the column letter and row number, remain fixed when formulas are copied. Mixed cell references combine relative and absolute elements, helpful for certain scenarios.
Utilizing relative and/or absolute references in Excel formulas enhances flexibility and efficiency, ensuring accurate calculations and ease of updating.
Learn more about Excel cell referencing here:
https://brainly.com/question/45362084
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