Yes, Pacific Standard Time (PST) is three hours behind Eastern Standard Time (EST). Each time zone in the US moving west from EST moves back by one hour; 4pm EST is 3pm CST, 2pm MST, and 1pm PST.
Say your worksheet is set to PST and you want to convert that to EST, you could use a formula to say PST + (3/24) (hours) in a temporary column. Then you would copy those formulas and paste them as VALUES where the original time zones were (in this example PST).
Eastern Standard Time (EST) is a standard time zone in use from the first Sunday in November to the second Sunday in March—when Daylight Saving Time (DST) is not in effect. Eastern Daylight Time (EDT) is used during the remainder of the year.
Universal Time Coordinated (UTC) is similar to Greenwich Mean Time (GMT) but, unlike the latter, does not adjust to account for Daylight Savings Time. You can figure out which time zone you're in by searching Time Zone Map or Time Zone [CITY] UTC.
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