Master Excel: What-If Analysis Tools
In this webinar speaker David will teach you how and when to make use of Excel's Scenario Manager as well as how to use the Data Table feature to compare calculation results based on two or three inputs. He also explains how Excel's Goal Seek feature empowers you to perform basic what-if analyses, in effect, solving for a single value.
August 28, 2020
10:00 AM PDT | 01:00 PM EDT
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Product Id : 503299
Live: One Dial-in One Attendee
Corporate Live: Any number of participants
Recorded: Access recorded version, only for one participant unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
Corporate Recorded: Access recorded version, Any number of participants unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
Excel expert David H. Ringstrom, CPA, draws your attention to the What-If Analysis tools available within Excel’s Data menu in this informative presentation.
David teaches you how and when to make use of Excel's Scenario Manager as well as how to use the Data Table feature to compare calculation results based on two or three inputs. He also explains how Excel's Goal Seek feature empowers you to perform basic what-if analyses, in effect, solving for a single value.
David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based Microsoft 365 version of Excel (formerly known as Office 365). David draws your attention to any differences in the older versions of Excel (2019, 2016, 2013, and earlier) during the presentation as well as in his detailed handouts. David also provides an Excel workbook that includes most of the examples he uses during the webcast.
Microsoft 365 is a subscription-based product that provides new-feature updates as often as monthly. Conversely, the perpetual licensed versions of Excel have feature sets that don’t change. Perpetual licensed versions have year numbers, such as Excel 2019, Excel 2016, and so on.
Areas Covered in the Session:
- Exploring the Forecast Sheet feature in Excel 2016 and later, which can extrapolate trends based on existing data in your spreadsheets
- Avoiding the need to write repetitive formulas using Excel's Data Table feature
- Exploring Excel's Scenario Manager feature that enables you to store various sets of inputs, such as best case, worst case, and most likely, without having to replicate worksheets or workbooks
- Utilizing the PMT worksheet function to calculate loan payment amounts
- Utilizing the CUMIPMT worksheet function to calculate interest amounts for any period of a loan without utilizing an amortization table
- Merging scenarios from other workbooks into your present workbook
- Incorporating decisions into calculations with Excel's IF function
- Using the Summary Report aspect of Scenario Manager to compare different scenarios side by side
- Enabling Excel's Solver add-in for more complex what-if analyses
- Learning the basics of Excel's Solver feature
- Exploring Excel's Goal Seek feature, which can be used to solve for a single missing input
Who Will Benefit:
- Identify when to use Excel's Goal Seek feature versus Solver
- Recall how to use the Data Table feature in Excel to compare calculation results based on varying inputs
- Define how to make one workbook serve multiple purposes by way of Excel's Scenario Manager
- Practitioners seeking to understand the what-if problem-solving capabilities in Excel