How To Use Excel What If Analysis

The emi calculated rs.

How to use excel what if analysis. You can use excel s goal seek feature to find the answer. What if analysis in excel is used to test more than one value for a different formula on the basis of multiple scenarios. This has been a guide to what if analysis in excel. Refer to our article on what if analysis two variable data table. This was a very simple example of using goal seek in what if analysis.

Business owners use what if analysis for analyzing different scenarios in excel. You can use goal seek even for more complex models let s take an example of a car loan model. What if analysis scenario manager can give a summary with input numbers and current values together. 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. 9 322 which 18 equals exactly to rs.

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. Excel will reverse calculate and immediately give you the value rs. 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. What if analysis is one of the most powerful excel features and one of the least understood. On the data tab in the forecast group click what if analysis.

That s how easy what if analysis in excel can be. What if analysis goal seek takes a few seconds to perform calculations. 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. For this we must have data of such kind where for a single parameter we would have 2 or more values for comparison. There are three different tools available in excel to perform what if analysis.

Go to the data menu tab and click on the what if analysis option under the forecast section. Click on the what if analysis button and choose scenario manager from the list of options. With a data table in excel you can easily vary one or two inputs and perform what if analysis. 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. Or you can specify a result that you want a formula to produce and then determine what.