Description
In this valuable webcast, Excel expert David Ringstrom, CPA, draws your attention to the What-If Analysis tools available within Excel’s Data menu. David explains how and when to make use of Excel’s Scenario Manager as well as how to use the Data Table feature to compare calculation results based on two or three inputs. He also shows you how Excel’s Goal Seek can be implemented to perform basic what-if analyses, allowing you to solve for a single value.
Topics Covered:- Avoiding the need to write repetitive formulas using Excel’s Data Table feature.
- Comparing the results of multiple scenarios within a pivot table.
- Contrasting Excel’s Data Table feature with traditional approaches used in spreadsheets.
- Enabling Excel’s Solver add-in for more complex what-if analyses.
- Enhancing the Summary Report generated by the Scenario Manager with range names.
- Exploring Excel’s Goal Seek feature, which can be used to solve for a single missing input.
- Exploring Excel’s Scenario Manager feature that enables you to store various sets of inputs, such as best case, worst case, and most likely, without having to replicate worksheets or workbooks.
- Exploring the Forecast Sheet feature in Excel 2016 and later, which can extrapolate trends based on existing data in your spreadsheets.
- Identifying duplicates in a list using Conditional Formatting.
- Incorporating decisions into calculations with Excel’s IF function.
- Learning the basics of Excel’s Solver feature.
- Merging scenarios from other workbooks into your present workbook.
Learning Objectives:- Identify when to use Excel’s Goal Seek feature versus Solver.
- Recall how to use the Data Table feature in Excel to compare calculation results based on varying inputs.
- Define how to make one worksheet serve multiple purposes by way of Excel’s Scenario Manager.
