How To Use Excel What If Analysis

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.

How to use excel what if analysis. However excel s what if analysis function was designed for just such an occasion. Business owners use what if analysis for analyzing different scenarios in excel. That s how easy what if analysis in excel can be. For this we must have data of such kind where for a single parameter we would have 2 or more values for comparison. 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.

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. The emi calculated rs. What if analysis scenario manager can give a summary with input numbers and current values together. 9 322 which 18 equals exactly to rs. In most general terms what if analysis allows you to test out various scenarios and determine a range of possible.

By using what if analysis tools in excel you can use several different sets of values in one or more formulas to explore all the various results. For example you can do what if analysis to build two budgets that each assumes a certain level of revenue. Click on the what if analysis button and choose scenario manager from the list of options. Go to the data menu tab and click on the what if analysis option under the forecast section. What if analysis goal seek takes a few seconds to perform calculations.

Scenarios data tables and goal seek. Excel will reverse calculate and immediately give you the value rs. 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. Refer to our article on what if analysis two variable data table. You can use goal seek even for more complex models let s take an example of a car loan model.

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. This has been a guide to what if analysis in excel. Let s have a look at goal seek function. This was a very simple example of using goal seek in what if analysis. What if analysis is one of the most powerful excel features and one of the least understood.