Beginning Excel what-if data analysis tools : getting by Paul Cornell

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By Paul Cornell

* the one booklet out there devoted to the What-If capabilities and instruments outfitted into Excel, that are key to many company research situations.

* centred and to the purpose – the place different Excel books strength the reader to go through 100’s of pages of comparable details and devote hours of analyzing, this publication will get directly to the subject of training the reader approximately What-If situation instruments in Excel.

* bargains the private instructional remedy of the Solver add-in, the target Seeker and the opposite What-If state of affairs research instruments, in a pragmatic, hands-on workouts method of utilizing Excel to get enterprise effects.

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Extra resources for Beginning Excel what-if data analysis tools : getting started with Goal Seek, data tables, scenarios and Solver

Sample text

Cell Must Contain a Value: This error message appears when the worksheet cell referred to in the By Changing Cell box does not contain a value. This error commonly occurs when you accidentally confuse the cell reference for the By Changing Cell box with the cell reference for the Set Cell box. To fix this problem, type or select a cell that contains a value in the By Changing Cell box, and then click OK again. Reference Is Not Valid: This error message appears when Excel does not recognize the contents of either the Set Cell box or By Changing Cell box as a valid worksheet cell reference.

Working with One-Variable Data Tables You must organize the data on your worksheets in a certain way in order for Excel to properly create data tables. You design one-variable data tables so that input values are listed either down a column or across a row. A formula used in a one-variable data table must refer to a single input cell. qxd 10/27/05 11:11 PM Page 25 CHAPTER 2 ■ DATA TABLES Here’s the general procedure for setting up and creating a one-variable data table: 1. Type the formula in the appropriate location: • If the input values are listed down a column, type the formula in the row above the first column value, and then one cell to the right of the column of values.

4. In the To Value box, type -5225. 5. In the By Changing Cell box, type or click cell B5. 6. Click OK, and click OK again. 23%. Car Loan Interest Rate For your second set of interest rate calculations, look at the Interest Rate 2 section midway down the worksheet, as shown in Figure 1-10. Figure 1-10. qxd 12 10/27/05 11:34 PM Page 12 CHAPTER 1 ■ GOAL SEEK Given a car loan amount, an interest rate, and the number of months to pay off the loan, cell B12 displays the monthly payment using the PMT(Rate, Nper, Pv) function, as in the prior home mortgage interest rate examples.

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