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Set Analysis

Can anyone help me out in converting this if statement to set expression....

 

=if((Field1) >=0 and (Field1) <=1 and FLG='Y', '1 Day',

 

if((Field1) > 1 and (Field1) <=2 and FLG='Y', ' 2 Days',

if( FLG = 'N',  'close')))

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