Is there a simpler way to achieve the same result in Excel rather than having a lengthy formula?

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Yes, there are several ways to simplify formulas in Excel. Here are a few options:

1. Use Named Ranges: Rather than referencing a range of cells in your formula, you can give that range a name. This can make your formulas easier to read and understand. To create a named range, select the cells you want to name, then go to Formulas > Define Name.

2. Use Excel Functions: Excel has many built-in functions that can simplify complex calculations. For example, rather than using a lengthy nested IF statement, you can use the IFERROR function to handle errors more simply.

3. Use PivotTables: PivotTables can summarize and analyze large amounts of data quickly and easily. Rather than trying to write a formula to summarize your data, you can use a PivotTable to do it for you.

4. Use Excel’s Quick Analysis Tools: Excel has a variety of tools to help you quickly format and analyze your data. These tools can help you create charts, apply conditional formatting, and more, without having to write complex formulas. To access these tools, simply select your data and look for the Quick Analysis button that appears in the bottom-right corner.