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What Is Excel What If Analysis

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RISHAV SINGH
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23 views

What Is Excel What If Analysis

Uploaded by

RISHAV SINGH
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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What Is Excel What if Analysis: Types and How To Use Scenario Manager Analysis?

Excel What-if Analysis is a procedure employed to the Excel sheets with formulas to see the
tabular data results when any variations are applied to the original values without having to
recreate a new sheet. We have three types of What-if Analysis as shown below.

Excel What-if Analysis Scenario Manager:

The Scenario Manager in What-if Analysis Excel is used to consume the original data and the
mathematical formulas implemented on the data to recreate another scenario that inherits
similarities from the previous table and generates a new table.

Go to the Data option from the toolbar and select the Excel What-if Analysis option from the
Forecast Ribbon, as shown below.

A dialog box will appear on the screen with empty scenarios. To add a scenario, select add
option as shown below.
Then, a new dialog box will appear on the screen with cell addresses. Type a name for the
Scenario and press OK. Here, we have chosen Band C as the name for this Scenario.

The next screen will show a small dialog box with all the values ready for Band C, as shown
below.
Similarly, you can add two more scenarios: Band B and Band A in this example. You can
select the add option, and you will have a new dialog box with editable data options. Now,
update the values for Band B and select OK as shown below.

And the last step is to create a scenario for Band A. To update values, follow the same
procedure as before; click on add and edit the values in the new dialog box and press OK as
shown below.
Now that you have added all the values, you have three different scenarios, namely

Excel What-if Analysis Goal Seek in Excel:

In the Excel What-if Analysis tab, we have an option named Goal Seek in Excel. This option
helps the user run all possible permutations and combinations to generate or achieve a target in
the resultant cell.

Now, click on the data option from the toolbar and go to the forecast ribbon and click on the
Excel what-if analysis button. A small window will appear, and you must choose the second
option that reads Goal Seek, as shown below.

A small window will appear on the screen, and here, you need to specify the location of the
target cell, the target value, and the cell you wish to change. Here, your target cell is M4, the
target value is 60, and since you would like to write an improvement exam for subject Engg 4,
the cell address will be I4.
After entering the values, select OK, and Excel will automatically run all permutations and
combinations and provide the result. In this case, the outcome or the result provided is the
target score you need to achieve in the "Engg 4" subject to score 60% aggregate.

Excel What-if Analysis Data Table:

Data Table in Excel What-if Analysis eases the challenging task of calculating fields and
storing results in cells with just a simple drag and drop operation.

Now, select the entire table, click on the Excel What-if Analysis, and select the data table
option.

A new window will pop up on the screen. In the dialog box, provide the rate of the interest cell
address. In this case, the cell address is B3. The image will appear as follows.
How to Use Solver in Excel?
A solver is a mathematical tool present in MS-Excel that is used to perform
calculations by working under some constraints/conditions and then calculates
the solution for the problem. It works on the objective cell by changing the
variable cells any by using sum constraints.
Solver is present in MS- Excel but for using it we need to activate it. For
activating the solver tool we need to do the following steps:
Step 1: Go to File and select options. The following dialog box will appear.
Step 2: Now select the Add-ins option and click on Go and finally click
on OK.
Step 3: After clicking OK, Select Solver Add-in and press OK. Now solver
will be activated in Excel.
Step 4: Now solver will appear in data section like this.

Step-5: Next, we need to formulate the model. To do so, you need to specify the
three main parameters, i.e.,

1. Objective Cell

2. Variable Cells

3. Constrains

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