Formulas and Functions

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change status based on previous row

Is there a way to have a formula change the status column when the row above it changes. For example when the status in Row 1, changes to "Complete" the status in row 2 will change to "Ready to Start" I know I can't put a formula in the drop down so I imagine some sort of helper column would be needed. or could this be done through automations instead?

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