What is the purpose of the Offset function in Excel 2003?
Its basic purpose is to find a value within a certain number of rows
or columns from a given cell.
For instance, in one spreadsheet I have a named range consisting of
one cell, called "corner". To the right of this corner, I have five
columns, and below it, five rows, comprising a matrix of unit prices.
1 2 3 4 5
1 $17.51 $32.15 $55.52 $90.56 $130.28
2 $19.25 $33.89 $57.26 $92.30 $132.01
3 $22.05 $36.69 $60.05 $95.11 $134.82
4 $25.83 $40.47 $63.83 $98.88 $138.60
5 $29.15 $43.79 $67.16 $102.20 $141.92
Then I have a large datasheet, which contains the row and column
designation (health level and supervision level for a client's
consumer). If health level is in F4, and supervision level is in G4,
I use this formula to get the rate:
=OFFSET(corner,F4,G4)
Also, as mentioned by other posters, this function can return a range
of more than one cell.