The workshop is about the What-if Analysis - a set of Excel’s decision-making tools. These tools enable the user to investigate what is the impact of input changes on correlated outputs.
The workshop is about the What-if Analysis - a set of Excel’s decision-making tools. These tools enable the user to investigate what is the impact of input changes on correlated outputs. It allows the decision-maker to make wiser choices. The two topics covered are the Goal Seek and the Data Table - Sensitivity Analysis. You will learn how to use these features for any of your models (budgets, forecasts or other disciplines) - to be able to understand what is the impact of changes of these models. These tools empower the users to evaluate and examine their decision models - potentially reaching better decisions. The chapter covers the Goal Seek and the Sensitivity Analysis tools.
The two topics used frequently for this matter are:
Goal-Seek, the first tool, allows the analyst to check the impact of one variable input’s change on a target output. The user determines a goal - and the tool shows the user what has to be changed to achieve that goal.
Data-Table is a Sensitivity Analysis tool. The analyst can change one or two inputs (One-Way and Two-Way Data Tables) and find out the impact of making small incremental input changes in one or two variables on the outputs.
Excel users that need advanced tools for and decision making. These topics were taught by the presenter in the executive MBA programs, where the attendees did not have a solid quantitative background.
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