In this beneficial on-demand webcast presented by Excel expert David Ringstrom, CPA, you’ll be introduced to Excel’s powerful What-If Analysis tools. David shows you how and when to make use of Excel’s Scenario Manager, how to use the Data Table feature to compare calculation results based on two or three inputs, how Excel’s Goal Seek feature empowers you to perform basic what-if analyses, and much more.
David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in Excel 2016. He draws your attention to any differences in Excel 2013, 2010, or 2007 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.
- Merging scenarios from other workbooks into your present workbook.
- Exploring the Forecast Sheet feature in Excel 2016, which can extrapolate trends based on existing data in your spreadsheets.
- Exploring Excel’s Scenario Manager feature that enables you to store various sets of inputs, such as best case, worst case, and most likely, but without having to replicate worksheets or workbooks.
- Using the Summary Report aspect of Scenario Manager to compare different scenarios side by side.
- Comparing the results of multiple scenarios within a pivot table.
- Learning the basics of Excel’s Solver feature.
- Learning how to save Solver results to Excel’s Scenario Manager for reuse.
- Implementing a simple Excel macro that will empower you to apply multiple scenarios at once when you have more than 32 inputs.
- Pausing Goal Seek when necessary to check the status of calculations that involve large numbers.
- Contrasting Excel’s Data Table feature with traditional approaches used in spreadsheets.
Delivery Method: Online QAS Self Study.
Version: David teaches from Excel 2010 in this presentation but every aspect of the material applies equally to Excel 2007, 2013, and 2016.
Prerequisites: Experience Using Excel to Store Lists of Data Is Recommended
Advanced Preparation: None