How To Use Excel What If Analysis

What if you want to know how many books you need to sell for the highest price to obtain a total profit of exactly 4700.

How to use excel what if analysis. However excel s what if analysis function was designed for just such an occasion. The tutorial explains how to use goal seek in excel 2016 2013 and 2010 to get the formula result you want by changing an input value. Go to the data menu tab and click on the what if analysis option under the forecast section. Excel will reverse calculate and immediately give you the value rs. What if analysis is one of the most powerful excel features and one of the least understood.

In most general terms what if analysis allows you to test out various scenarios and determine a range of possible. To use excel s what if analysis tool begin by clicking on the data tab on the ribbon and locating the what if analysis tool button under the data tools section. Click on the what if analysis button and choose scenario manager from the list of options. Refer to our article on what if analysis two variable data table. On the data tab in the forecast group click what if analysis.

This has been a guide to what if analysis in excel. For this we must have data of such kind where for a single parameter we would have 2 or more values for comparison. You can use what if analysis to estimate your monthly savings that meet your retirement goals find the return rate of an investment plan your budget and so on. 9 322 which 18 equals exactly to rs. Scenarios data tables and goal seek.

A data table is a range of cells in which you can change values in some of the cells and come up with different answers to a problem. Or you can specify a result that you want a formula to produce and then determine what. Business owners use what if analysis for analyzing different scenarios in excel. What if analysis is one of the most common processes that data analysts managers or excel users tend to use these days for advanced business analysis. 19 786 is the outgoing amount.

What if analysis goal seek takes a few seconds to perform calculations. With a data table in excel you can easily vary one or two inputs and perform what if analysis. For example you can do what if analysis to build two budgets that each assumes a certain level of revenue. This was a very simple example of using goal seek in what if analysis. You can use excel s goal seek feature to find the answer.