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02 Electronic Spreadsheet Advanced Revision Notes

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170 views8 pages

02 Electronic Spreadsheet Advanced Revision Notes

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uma
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ELECTRONIC SPREADSHEET (ADVANCED)

REVISION NOTES

ANALYZE DATA USING SCENARIOS AND GOAL SEEK

Data Consolidation
In OpenOffice, data consolidation refers to the combining of data from various sources or sheets into
a single area for easy analysis and manipulation. It helps when working with data that is spread across
multiple files or sheets and enhances productivity, accuracy, and decision-making abilities.

Advantages of using Consolidation Data –


 Saves time by combining information from various sources into one document.
 reduces the possibility of errors that could happen when manually copying data, which
increases accuracy.
 allows you to examine and interact with the combined data in one place, which
improves efficiency.
 improves decision-making by giving a thorough perspective of the data.
 Having all the data in one location makes it simpler to share it with other people.

Consolidation Data Window


To use the Consolidate tool in OpenOffice, follow these steps:
1. Open a new or existing spreadsheet in OpenOffice.
2. Select the cell where you want the consolidated data to appear.
3. Click on Data > Consolidate from the menu bar.
4. In the Consolidate dialog box, select the range of cells or sheets you want to
consolidate.
5. Choose the function you want to use to consolidate the data (such as sum or average).
6. Specify any additional settings, such as whether to include labels or empty cells.
7. Click OK to consolidate the data.

Creating Subtotal in Electronic Spreadsheet


Subtotal in OpenOffice electronic spreadsheet refers to a function that calculates the subtotal of a
range of values within a list or table. This function can be used to summarize data by category or
group, allowing you to quickly see the total for each group.

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Advantages of using Subtotal in OpenOffice electronic spreadsheet:
 Easy data analysis by grouping and summarizing data based on criteria.
 Improved accuracy by automating subtotal calculations and reducing errors.
 Increased efficiency by saving time and effort.
 Enhanced organization by grouping data into categories and subcategories.
 Customizable grouping and calculation criteria for flexibility in data analysis.

SubTotal Window
To use the Subtotal function in OpenOffice, follow these steps:
1. Open a new or existing spreadsheet in OpenOffice.
2. Select the range of data you want to subtotal.
3. Click on Data > Subtotals from the menu bar.
4. In the Subtotals dialog box, select the column you want to group by and the function
you want to use (such as sum or count).
5. Click OK to apply the subtotals.

Using “What-if” Scenarios in Electronic Spreadsheet


Scenarios in OpenOffice electronic spreadsheet refer to a feature that allows you to create and
compare different sets of data to explore different outcomes or possibilities. Scenarios are useful
when you want to explore how changes in data will affect your calculations, such as in financial
modeling or forecasting.

What is use of What-if in scenario


“what-if” analysis in scenarios, you can test different possibilities and explore the potential impact of
changes to your data, helping you make more informed decisions.
Advantages of using Scenarios in OpenOffice electronic spreadsheet:
 Allows you to explore different outcomes or possibilities based on changes to your
data.
 Helps you to better understand your data and make more informed decisions.
 Particularly useful in financial modeling, forecasting, and other areas where you need
to explore the impact of different variables on your data.
 Provides a way to compare and contrast different sets of data and their potential
impact.
 Can save time by allowing you to easily create and test different scenarios.

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To use Scenarios in OpenOffice, follow these steps:
1. Open a new or existing spreadsheet in OpenOffice.
2. Enter the original data that you want to use as the basis for your scenarios.
3. Click on Tools > Scenarios from the menu bar.
4. In the Scenarios dialog box, click on Add to create a new scenario.
5. Give your scenario a name and select the cells you want to vary in your scenario.
6. Enter the new values for each cell in your scenario.
7. Click OK to save your scenario.
8. Repeat steps 4-7 to create additional scenarios.
9. To compare scenarios, click on Tools > Scenarios and select the scenarios you want to
compare.

Goal Seek in Electronic Spreadsheet


Goal Seek in electronic spreadsheet refers to a feature that allows you to find the input value needed
to achieve a specific output value. This can be useful when you know the desired result of a
calculation, but you are not sure what input value is needed to achieve that result.
For example, you might use Goal Seek to determine what interest rate is needed to pay off a loan in a
specific amount of time, or what sales volume is needed to achieve a certain profit margin.

To use Goal Seek in an electronic spreadsheet, follow these steps:


1. Enter the formula that you want to use in the cell where you want the output value to
appear.
2. Enter an initial value for the input cell that you want to change.
3. Click on Tools > Goal Seek from the menu bar.

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4. In the Goal Seek dialog box, enter the output value you want to achieve and select the
cell containing the input value you want to change.
5. Click OK to run the Goal Seek analysis.
6. The Goal Seek feature will calculate the value needed to achieve the desired output
and update the input cell with the new value.

Solver in Electronic Spreadsheet


The Solver is a more advanced version of Goal Seek. While Goal Seek is designed to find a single
variable solution, Solver can handle equations with multiple unknown variables. It is used to find the
best possible outcome that meets a set of defined conditions, such as minimizing or maximizing a
particular result based on a set of rules or constraints that you define.

Solver example
Consider investing $10,000 over the course of a year in two mutual funds. Fund X is a lower risk
fund with an interest rate of 8%, whereas Fund Y has a greater risk interest rate of 12%. How much
should be put into each fund in order to generate a total interest of $1,000?

Difference between goal seek and solver


Goal Seek Solver

Find a single variable solution to Find an optimal solution to a problem


Purpose
a problem with multiple variables

Input
One input variable Multiple input variables
variables

Finds the value of the input Finds the best combination of input
Output variable that produces a specific variable values that meet a set of
output conditions or constraints

Problem Simple problems with one Complex problems with multiple


complexity unknown variable unknown variables and constraints

Algorithm Iterative method Optimization algorithm

Minimize, maximize, or target a specific


Optimization None
value

Constraints None Multiple constraints can be added

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LINK DATA AND SPREADSHEETS
You may also link cells from several worksheets and spreadsheets to summarise data from numerous
sources using spreadsheets. This allows you to build formulas that combine data from several sources
and perform computations using both linked and local data.

Inserting New Sheet


When you open a new spreadsheet, it usually contains three sheet named Sheet1, Sheet2 and Sheet3.
If you want to insert a new sheet into the spreadsheet, there are different methods you can use.
Steps for Creating New Sheet –
1. Choose Insert > Sheet from the menu bar,
2. Insert the sheet by right-clicking on the tab,
3. Click in the empty area at the end of the sheet tabs.

Renaming Sheets
 Step 1 : Double-click on the name of a current worksheet.
 Step 2 : Use the context menu that appears when you right-click on the name of an
existing worksheet to select Rename.
 Step 3 : Click on the worksheet tab to choose the worksheet you want to rename, and
then choose the Sheet option from the Format menu. The Rename option should be
chosen from the submenu that is displayed when you do this.

Cell Reference
Cell referencing in a spreadsheet is the process of referring to a specific cell or range of cells within a
worksheet by using a unique identifier. This unique identifier is called a cell reference and it is made
up of a combination of a column letter and a row number that identifies the location of a particular
cell.
There are two ways to reference cells in other sheets –
1. Creating The Reference With The Mouse
2. Creating The Reference With The Keyboard.

Creating The Reference With The Mouse


Both spreadsheets must be open in order to construct the reference with the mouse. Choose the cell
where the formula will be entered.

Creating The Reference With The Keyboard


Referencing It’s easy to enter a cell reference using the keyboard in a formula. The reference consists
of three parts:
 Path and file name
 Sheet name
 Cell
Example – =’file:///Path &File Name’#$SheetName.CellName.

Working with Hyperlinks


In Calc, you can utilise hyperlinks to navigate between spreadsheet cells and to other areas of the
same or different files, websites, or even other spreadsheets.
Hyperlinks can be stored within your file as either relative or absolute.

Relative And Absolute Hyperlinks


Relative and absolute hyperlinks are used in spreadsheet applications, such as OpenOffice Calc, to
create links between cells or other resources within the same spreadsheet or to external files and web
pages.

a. Relative Hyperlinks – Relative hyperlinks are links that are specified in relation to the current
cell’s location. They typically use a path that is relative to the current file’s location. For example, if
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you are currently on cell A1 and you want to link to cell B1 in the same sheet, you can use the
relative hyperlink “B1”.

b. Absolute Hyperlinks – Absolute hyperlinks, on the other hand, specify the full path or URL of the
resource being linked to. For example, to link to a web page located at
“https://cbseskilleducation.com/information-technology-class-10-notes/”, you can use the absolute
hyperlink “https://cbseskilleducation.com/information-technology-class-10-notes/”.

Linking to External Data


To insert external data, such as tables from HTML documents or named ranges from other
spreadsheets, into OpenOffice Calc, you can use the External Data dialog or the Navigator.
1. Using the External Data dialog: Go to “Data” > “External Data”, select the source of
the data, and choose the specific data to insert. You can link to the external data or
copy it into your spreadsheet.
2. Using the Navigator: Click on the “Navigator” icon or press F5, expand the “Data
Sources” section, select the source of the data, and drag and drop the table or named
range into your spreadsheet.

SHARING WORKSHEET DATA


Spreadsheet software gives users the option to share and store workbooks in a network location so
that numerous users can view the same workbook at once. This function helps users collaborate more
effectively by increasing the efficiency of data entering.

Setting up a Spreadsheet for Sharing


You can create a spreadsheet at any moment and share it with others. Open the spreadsheet document
and select Tools > Share Document to enable the document’s collaborative features. You can choose
whether to activate or disable sharing from a dialogue that appears.

Record Changes

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You may track changes made to a spreadsheet by yourself or other users using the “Record Changes”
option in OpenOffice Calc. When working on a spreadsheet with others, reviewing and editing data,
and keeping track of multiple people’s edits, this capability comes in handy.
Any changes you make to the spreadsheet are noted in the document and recorded when the “Record
Changes” option is turned on in OpenOffice Calc.
Turned on Record Changes featue ON
 Open the Spreadsheet
 Click on Edit > Changes > Record
 Now, You can start Editing the worksheet

Viewing Changes
Calc gives the control over the spread sheet to view the changes you or other have done in
Worksheet. To change the available filters, select Edit > Changes > Show. The following dialog
opens.

In OpenOffice Calc, you can view changes made to a spreadsheet using the “Record Changes”
feature.
 Date filter: Shows only the changes made within a specified time range.
 Author filter: Displays changes made by a specific person, which is useful when
multiple reviewers are working on the worksheet.
 Range filter: Shows only changes made within a specific range of cells, helpful for
large spreadsheets.
 Comment filter: Displays changes that have comments matching the search criteria.
 Show accepted changes: Displays only the changes that you have accepted.
 Show rejected changes: Displays only the changes that you have rejected.

Accepting or Rejecting Changes


You have the choice to accept or reject the changes once you’ve done editing the document. When
changes are accepted, they are made permanent parts of the document; when changes are rejected, the
document returns to the way it was before the changes were made.
1. Go to the “Edit” menu and select “Changes” followed by “Accept or Reject.”
2. In the Accept or Reject Changes dialog box, you can either accept or reject changes
one-by-one or all at once.

Merging Worksheets

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Merging worksheets in OpenOffice Calc is a feature that allows you to combine two or more
worksheets into a single worksheet. This is useful when you have data spread across multiple
worksheets that you want to consolidate into a single worksheet for analysis or reporting purposes.
 Open the Worksheet
 Select Edit > Changes > Merge Document
 Select the file from selection dialog box
 Use Accept or Reject changes

Comparing Document
You can compare two or more spreadsheets in OpenOffice Calc using a feature called “Document
Comparison” to find discrepancies between them. This can be helpful when you want to evaluate
edits made to a spreadsheet by another person or when you want to compare two spreadsheet versions
for inconsistencies or errors.
 Open worksheet
 Select Edit > Compare Document
 Select the original worksheet
 Now, You can find the changes

CREATE AND USE MICROS IN SPREADSHEET


Using Micors
A macro in OpenOffice is a set of commands or keystrokes that are stored for later usage. Macro
might be simple, like inputting an address automatically, or sophisticated, like automating a sequence
of calculations. Because the OpenOffice macro language is so flexible, users can automate a variety
of processes. When repetitive actions need to be carried out repeatedly in the same manner, macros
are especially helpful.

Advantages of Micro
 The repetitive and routine processes are automated by macros.
 Macros save your time

Creating Macro in Spreadsheet


 Open Worksheet
 Click on Tools > Macros > Record Macro
 Click on Start/Stop recording

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