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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.
What-If Analysis in Excel allows you to try out different values (scenarios) for formulas. The following example helps you master what-if analysis quickly and easily.
Excel has three different types of what-if analysis options. They are Scenario Manager, Goal Seek, and Data Table. With Scenario Manager, we can compare the results of various scenarios to multiple variables. To use Goal Seek, we should enable iterative operation in Excel workbook.
5 Jul 2024 · A What-If Analysis in Excel refers to exploring various scenarios by changing input values in a spreadsheet to see how they affect the outcomes. It helps users analyze different possibilities and make informed decisions by observing the impact of changes on data trends within Excel models.
14 Jun 2024 · In this article, we have shown three types of what-if analysis and possible example in Excel to better understand.
Introduction. Excel includes powerful tools to perform complex mathematical calculations, including what-if analysis. This feature can help you experiment and answer questions with your data, even when the data is incomplete. In this lesson, you will learn how to use a what-if analysis tool called Goal Seek.
To help you do a what if analysis, Excel provides three tools. Learn how to use them all in this guide.
