[author] learning excel what-if analysis course

What is what if analysis in Excel?

Overview. What-If Analysis is the process of changing the values in cells to see how those changes will affect the outcome of formulas on the worksheet. Three kinds of What-If Analysis tools come with Excel: Scenarios, Goal Seek, and Data Tables. Scenarios and Data tables take sets of input values and determine possible results.

How many types of what-if analysis are there in Excel?

We have three types of What-if Analysis as shown below. The Scenario Manager in What-if Analysis Excel is used to consume the original data and the mathematical formulas implemented on the data to recreate another scenario that inherits similarities from the previous table and generates a new table.

What are the best Excel data analysis courses?

6 Best Excel Data Analysis Courses & Certification [2021 MARCH] 1. Excel Data Analysis with Pivot Table (Udemy). This is amongst one of the top-rated courses on Udemy, which is... 2. Learn Excel Data Analysis (LinkedIn Learning). LinkedIn Learning offers a great introductory course to Excel data... ...

What are the different types of what-if analysis tools?

Three kinds of What-If Analysis tools come with Excel: Scenarios, Goal Seek, and Data Tables. Scenarios and Data tables take sets of input values and determine possible results. A Data Table works with only one or two variables, but it can accept many different values for those variables.

Which Excel course is best for data analysis?

The Best Excel Data Analysis CoursesTITLE: Excel: An Analytics Superhub.TITLE: Business Analytics Certification Training with Excel.TITLE: Excel 101: Big Data Analysis & Reporting in Excel for 2019.TITLE: Business Analytics Nanodegree.TITLE: Microsoft Excel Data Analysis and Dashboard Reporting.More items...•

How do I do a what-if analysis in Excel?

Using Goal SeekSelect the cell containing the value you want to change. ... From the Data tab, click the What-If Analysis command, then select Goal Seek from the drop-down menu. ... A dialog box will appear with three fields: ... When you're done, click OK. ... The dialog box will tell you if Goal Seek was able to find a solution.More items...

Where can I learn Excel for data analysis?

Excel for Data Analysis: Basic to Expert Level | Udemy.

Where can I learn Excel for data analysis for free?

Microsoft offers free Excel classes online on edX to learn both fundamental and advanced Excel skills. Introduction to Data Analysis using Excel is a 4-week, self-paced online course perfect for learners with little or no prior experience using the software.

Can Excel run Monte Carlo simulation?

A Monte Carlo simulation can be developed using Microsoft Excel and a game of dice. The Monte Carlo simulation is a mathematical numerical method that uses random draws to perform calculations and complex problems.

What is the difference between sensitivity analysis and what-if analysis?

Key Takeaways. Sensitivity analysis determines how different values of an independent variable affect a particular dependent variable under a given set of assumptions. This model is also referred to as a what-if or simulation analysis.

How long does it take to learn Excel for data analysis?

Time It Takes to Become A Data AnalystNrData Analyst SkillsEstimated Time Required2.Microsoft Excel1 month3.R or Python2-3 months4.Data Visualisation2-3 months5.Critical ThinkingAll your life, but could do 1 months course4 more rows

Can I teach myself Excel?

You can teach yourself everything from the most basic Excel functions to complex programming using readily available or free online resources. You can take online university courses in Excel or take advantage of the many online tutorials and downloadable course guides.

Can I learn Excel in a week?

It's impossible to learn Excel in a day or a week, but if you set your mind to understanding individual processes one by one, you'll soon find that you have a working knowledge of the software.

Which is the best Excel course on udemy?

The 4 Best Excel Courses on UdemyMicrosoft Excel – Excel From Beginner to Advanced.Microsoft Excel – Data Visualization, Excel Charts, and Graphs.Microsoft Excel – Data Analysis With Excel Pivot Tables.Beginner to Pro in Excel: Financial Modeling and Valuation.

Can I be a data analyst with Excel?

Microsoft Excel is one of the top tools for data analysis and the built-in pivot tables are arguably the most popular analytic tool. You will learn how to perform data analysis using Excel's most popular features, including how to create pivot tables from a range with rows and columns in Excel.

Course details

Make better decisions for your business by taking a deeper dive into your data with Microsoft Excel's analysis tools. In this advanced course, Curt Frye shows how to analyze hypothetical business cases using formulas and variable data.

Viewers of this course

Salesperson, Business Analyst, Human Resources Specialist, Auditor, and Operations Specialist

What is a scenario in Excel?

A Scenario is a set of values that Excel saves and can substitute automatically in cells on a worksheet. You can create and save different groups of values on a worksheet and then switch to any of these new scenarios to view different results.

What is the Solver add-in?

The Solver add-in is similar to Goal Seek, but it can accommodate more variables. You can also create forecasts by using the fill handle and various commands that are built into Excel. For more advanced models, you can use the Analysis ToolPak add-in.

Why use data tables?

If you have a formula that uses one or two variables, or multiple formulas that all use one common variable, you can use a Data Table to see all the outcomes in one place. Using Data Tables makes it easy to examine a range of possibilities at a glance. Because you focus on only one or two variables, results are easy to read and share in tabular form. If automatic recalculation is enabled for the workbook, the data in Data Tables immediately recalculates; as a result, you always have fresh data.

Can you use Excel to forecast?

If you want to prepare forecasts, you can use Excel to automatically generate future values that are based on existing data, or to automatically generate extrapolated values that are based on linear trend or growth trend calculations.

1. Excel Data Analysis with Pivot Table (Udemy)

This is amongst one of the top-rated courses on Udemy, which is designed to help you learn how to use Pivot Tables to explore and analyze raw data in Excel Sheets quickly. With this course, you will get a comprehensive understanding of Excel Pivot tables and Excel Pivot charts.

2. Data Analysis Essentials with Excel (Udemy)

Individuals who want to learn how to turn their business data into useful insights by manipulating it with Excel can take help from this course. In this course, you will be guided via a step-by-step process to learn how to translate business data into useful output using MS Excel.

3. Learn Excel Data Analysis (LinkedIn Learning)

LinkedIn Learning offers a great introductory course to Excel data analysis that will help you learn how to access situations accurately and make better business decisions. Taking this course will help you unlock the power of your organization’s data by using data analysis and visualization tools build into Excel.

4. Introduction to Data Analysis by Rice University (Coursera)

This course is specially designed for beginners who have no knowledge of Excel as well as data analysis. In this course, you will learn how Excel is a powerful data analysis tool and how it can be used in day-to-day functioning for every small or large business.

5. Introduction to Data Analysis with Excel (edX)

edX is amongst one of the best e-learning platforms that provide excellent data analysis courses, and this course will give you the ability to analyze data so that you can make better business decisions. In this course, you will learn how to perform data analysis using Excel’s most popular tips and techniques.

6. Free MS Excel Data Analysis Courses (edX)

If you don’t want to invest any money in learning MS Excel, then this list of Microsoft Excel courses provided by edX is the best option for you.

Table of Contents

Excel What-if Analysis is a procedure employed to the Excel sheets with formulas to see the tabular data results when any variations are applied to the original values without having to recreate a new sheet. We have three types of What-if Analysis as shown below.

Excel What-if Analysis Scenario Manager

The Scenario Manager in What-if Analysis Excel is used to consume the original data and the mathematical formulas implemented on the data to recreate another scenario that inherits similarities from the previous table and generates a new table.

Excel What-if Analysis Goal Seek in Excel

In the Excel What-if Analysis tab, we have an option named Goal Seek in Excel. This option helps the user run all possible permutations and combinations to generate or achieve a target in the resultant cell.

Excel What-if Analysis Data Table

Data Table in Excel What-if Analysis eases the challenging task of calculating fields and storing results in cells with just a simple drag and drop operation. A simple sentence can be complicated to understand, so let us go through an example.

About the Author

Shruti is an engineer and a technophile. She works on several trending technologies. Her hobbies include reading, dancing and learning new languages. Currently, she is learning t…