Excel: DataModel - why it returns cartesian product?

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Can't understand how DataModel works in Excel. Please help

Example: in Excel - why it returns cartesian product? enter image description here

At the same time absolutely the same DataModel in PowerBi returns normal estimated result: enter image description here

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Denis On BEST ANSWER

You just should drop something to Values section in pivot table: enter image description here

P.S. Special Thanks to @Rory for the help!