There are a lot of ways - it depends on your data and on your preferences,
which one to use:
a) Use a lookup table and LOOKUP/VLOOKUP/INDEX/CHOOSE/SUMPRODUCT to return a
value from there
b) Use some mathematical expression to generate wanted result
c) Split multi-lefel IF() into several expressions, and add or concantenate
results of those expressions
d) Use CHOOSE function, to return up to 28 different pre-defined results.
etc.
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