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Use What-If Analysis Goal Seek and Scenario Manager

Use What-If Analysis Goal Seek and Scenario Manager

From the course: Cert Prep: Excel Expert - Microsoft Office Specialist for Office 2019 and Office 365

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Use What-If Analysis Goal Seek and Scenario Manager

- [Instructor] We're going to use what-if-analysis, goal seek and scenario manager in this video so that we can see how just by changing and adding different values we can create a goal seek function that will, for instance, tell us how much we can borrow, if we have some knowns, such as what interest rate would it be, and what's the most that we can afford to pay per month. We'll also look at how we can create different scenarios, again, using different values, and each time we add a different value it will recalculate and give us a new scenario. Let's take a look at our what-if-analysis workbook. First, we'll work with the scenario manager. We have our 2019 total sales for a few of our products. We'll create three scenarios, the first one will be the sales in their current state, the 2019 sales. The next two will show an increase of three and five percent. On the data tab, I'll go to what-if-analysis, scenario manager…

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