What does the term "formula" refer to in a spreadsheet?

The term "formula" in a spreadsheet specifically refers to an equation used for calculations within cells. Formulas are powerful tools that allow users to perform mathematical operations, manipulate data, and automate calculations automatically when data changes. They can include basic arithmetic operations like addition, subtraction, multiplication, and division, as well as more complex functions such as averaging or finding maximum values.

This functionality is crucial for tasks such as financial modeling, data analysis, and statistical reporting, where dynamic calculations are needed based on the values present in the spreadsheet. Formulas typically begin with an equal sign followed by the mathematical expression or function to be calculated, making them distinguishable from other features in a spreadsheet.

In contrast, methods to visually represent data involve charts or graphs, formatting options relate to the appearance of cells, and titles for worksheets are identifiers for organizing spreadsheet content, none of which encompass the core purpose of a formula in a spreadsheet environment.