How can I minimize rounding errors in Excel?

Several methods can help minimize rounding errors. Using the `ROUND` function to specify the desired number of decimal places can significantly reduce these errors. Avoiding operations that are prone to large number conversions (like multiplying large numbers) can also help. Choosing the appropriate data type (e.g., `Number` instead of `Text`) and avoiding unnecessary calculations can also contribute. Using high-precision number formats can also mitigate rounding errors.