What is Excel "Goal Seek" Feature in "What-if-Analysis" ?
Sravan Kumar Male
DataStage Developer @TCS | Data Warehouse Specialist | Certified SAFe Agilist | Team Lead | PySpark | Delta Lake | Excel | Power BI | Data Engineer
## Introduction:
#Excel is magical! ? It helps us solve math puzzles and analyze data. Let's explore the amazing #GoalSeek feature in the #WhatIfAnalysis category. Imagine it like having a detective in Excel! Let's learn how it works.
#GoalSeek is like a math wizard in Excel ?? ♂?! It finds the missing numbers in formulas for us. When we know the result we want but not the input value, #GoalSeek comes to our rescue!
## How Does #GoalSeek Work?
Imagine you have a Candy stand and want to make $20 in a day. Each Candy sells for $0.50, but you don't know how many Candies you need to sell. #GoalSeek will tell you the answer!
### Steps to Use #GoalSeek:
1.??????Set up your data in Excel, like One Candy price, Fixed expenses, Variable expenses and target earnings.
Total earnings have formula as
(One Candy Price – Variable Expense) * Total Candies – Fixed Expense
2.??????Tell #GoalSeek the cell with the formula for earnings.
3.??????Specify the goal amount (e.g., $20).
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4.??????Finally, tell #GoalSeek the cell to adjust (number of Candies).
#GoalSeek will do the math and tell you to sell 75 Candies to reach your $20 goal!
## What Can #GoalSeek Help With?
#GoalSeek is versatile! It can help with many problems, like:
1. Finding the number of books to read for a passing score in school ??.
2. Figuring out how many goals your favorite team needs to win ?.
3. Calculating how much money to save for a new toy ??.
## Conclusion:
#Excel's #GoalSeek is our friendly math helper! It finds the missing piece in formulas for us. Next time you have a math problem in Excel, use #GoalSeek to find the answer! Happy problem-solving! ????
Let us know if you have any problems like this. We will provide solution.
Stay tuned for "Data Tables" features in next edition.