Excel is a useful and versatile tool, but did you know you can also use it to analyze hypothetical business cases? Instructor Curt Frye walks you through the complete process. Curt begins by showing you how to create, define, edit, and delete scenarios, then goes into defining data tables. He explains how to use Goal Seek and Solver to create models, define constraints, and require integer solutions. Next, Curt covers ways to organize your analysis worksheet, use checkboxes to turn options on and off, and manipulate a worksheet model to analyze your business. Plus, he defines and demonstrates how to perform a Monte Carlo simulation.
Learning objectives
Explain how to create a scenario in Excel.
Identify the two input values that should be used to create a two variable data table.
Recall what the Excel feature Goal Seek is used for.
Recognize the three things that must be separated from one another to make reading a worksheet with multiple units easier.
Describe the tools that Excel provides to manipulate data.
Break down the steps required to recalculate a worksheet's formulas.
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