I wanted to take a few seconds to talk about what you should know before diving into Up and Running with Excel What If analysis. You'll learn everything that you need inside the course. So that means that you really just need basic Excel skills. Those include editing formulas, editing cells and so on. If you want to apply what you've learned to your own business then you should have a very good idea of how your business operates. And most importantly you should not be afraid to use the Save As feature to try different approaches to modeling. Anytime you want to make a significant change to a model always use Save As to save a new version of the file.
That way you don't get rid of the work that you've already done and you can go back to it if your new approach doesn't work out.
- 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.
Skill Level Intermediate
1. Defining Scenarios and Data Tables
2. Creating Goal Seek and Solver Models
3. Creating a Configurable Model
4. Performing Monte Carlo Simulation
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