The data in your worksheet is great for answering the question what happened. The data is less useful for answering what if questions such as how much money we would save if we reduced our labor to 20 percent of our total costs. You can always save an alternative version of a workbook and create .Excel also provides the tool to determine the input values that would be required for a familiar to produce a given result.

When you save data in an excel worksheet, you create a record that reflects the characteristics of an event or object. That data could represent the number of deliveries in an hour on a particular day the price of a new delivery option or the percent of total revenue accounted for by a delivery option. You can always save an alternative version of a workbook and create. Excel also provides the tool to determine the input values that would be required for a familiar to produce a given result. However if you would want to perform a what if analysis or explore the impact that changes in your data would have on any of the calculations in your workbooks you need to change your data.

The problem with manipulating data that reflects an event or item is that when you change data if you accidentally save your changes. You can avoid ruining your original data by creating a duplicate workbook. That data could represent the number of deliveries in an hour on a particular day the price of a new delivery option or the percent of total revenue accounted for by a delivery option. When you create a scenario you give excel alternative values for a list of cells in a worksheet. You can use the scenario to add delete and edit scenarios.

One great feature of excel scenarios is that you’re not limited to creating one alternative data set-you can create as many scenarios as you like and apply them by using the scenario manager. To apply more than one scenario by using the scenario manager click the name of the first scenario you want to display click the show button and then do the same for any subsequent scenarios. The values you used tio define will be part of the scenarios on the worksheet. Excel will update any calculation involving changed cells.

Applying multiple scenarios alters the values in your worksheets. You can see how those changes affect your formulas but excel also gives you a way to view the results of all scenarios in a single separate worksheet. To create a worksheet in your current workbook that summarizes the changes aused y your scenarios open the scenario manager and then click the summary button. When you do the scenario summary dialoug box opens.

From within the dialog box you can choose the type of summary worksheet you wan to create and the cells you want to display in the summary click the collapse dialog button in the box select the cells you want to display and then expand the box. After you verify that the range in the box represents the cells you want to have included on the summary sheet click ok to create a new worksheet.
It’s a good idea to create an undo scenario named normal that holds the original values of the cells. That data could represent the number of deliveries in an hour on a particular day the price of a new delivery option or the percent of total revenue accounted for by a delivery option. When you create a scenario you give excel alternative values for a list of cells in a worksheet from scratch.

Goal seek is a great tool for finding how much you need to change a single input value to generate a desired result from a formula but it’s no help if you want to find the best of several input values.

If you performed a complete installation when you installed excel on your computer you see the button on the data tab in the analysis group. If not you need to install the solver add-in . That data could represent the number of deliveries in an hour on a particular day the price of a new delivery option or the percent of total revenue accounted for by a delivery option. Select the solver add-in check box and click ok to install solver.

Experienced business people can tell a lot about numbers just by looking at them to see if they look right. That data could represent the number of deliveries in an hour on a particular day the price of a new delivery option or the percent of total revenue accounted for by a delivery option. You can always save an alternative version of a workbook and create. Excel also provides the tool to determine the input values that would be required for a familiar to produce a given result. However if you would want to perform what if analysis or explore the impact that changes in your data would have on any of the calculations in your workbooks you need to change your data. To do so click the excel add-ins and then click go to display the add-ins dialog box. Select the analysis toolpak check box and click ok.

• Scenarios enable you to describe many potential business cases within a single workbook.
• It’s usually a good idea to create a normal scenario that enables you to reset your worksheet.
• Remember that you can change up to 32 cells in a scenario but no more.
• Use goal seek to determine what value you need in a single cell to generate the formula.
• If you want to vary the values in more than one cell to find the optimal mix of inputs for a calculation use the solver add-in.
• Advanced statistical tools are available in the analysis tool pak use them to examine your data thoroughly.