'Learning' alternative to complex if function

Hello all,

I have wondered if anyone knows of an alternative to long and complex if functions. In my workbook, I have entries based on multiple criteria and the placed them into 8 different buckets. It is updated with new monthly data each month and I have to go in manually and categorize each new item. This is mostly done by eyeballing labels from items in past months, but would like to 'automate this process if possible.

I know it could be done through an if function, but it would have to be very complex and I am not confident that I could complete it without utterly confusing myself or taking a week to automate a process that only consumes an hour of time a week when performed manually.

I am hoping that my explanation of the problem is not too confusing.

Essentially, I am looking for some type of learning function/macro/add-on that can process available data and return the proper label.

thanks,

Excel Forum Example.xlsx Here is an example.