#How to get data analysis on excel lab software
#How to get data analysis on excel lab series
#How to get data analysis on excel lab download

First, select the ‘X-Value’ column cells. Let’s start by selecting the data to plot in the chart. You need to sell 90% of the books for the highest price to obtain a total profit of exactly $4700. Our simple example spreadsheet consists of two columns: X-Value and Y-Value. Click in the 'By changing cell' box and select cell C4. Click in the 'To value' box and type 4700.ĥ. What if you want to know how many books you need to sell for the highest price, to obtain a total profit of exactly $4700? You can use Excel's Goal Seek feature to find the answer.Ĥ.

That's how easy what-if analysis in Excel can be. Next, select cell D10 (total profit) for the result cell and click on OK.Ĭonclusion: if you sell 70% for the highest price, you obtain a total profit of $4100, if you sell 80% for the highest price, you obtain a total profit of $4400, etc. This data can be any text, numerical information or logical information.

#How to get data analysis on excel lab software

Click the Summary button in the Scenario Manager.Ģ. Excel Data Word Document files A Spreadsheet is computer software or program that provides the facility to manage and arrange the data in the form of Row and Column, which means that the data you have arranged in Row and Column, in the form of Row and Column. To easily compare the results of these scenarios, execute the following steps.ġ. In the Manage box, select Excel Add-ins and then click Go. Excel will change the value of cell C4 accordingly for you to see the corresponding result on the sheet. Click the File tab, click Options, and then click the Add-Ins category. Note: to see the result of a scenario, select the scenario and click on the Show button.

#How to get data analysis on excel lab download

To have a closer look at the formulas discussed in this tutorial, you are welcome to download our sample Excel TREND workbook. Thats how you use the TREND function to calculate trends in Excel. On the Format Trendline pane, select Moving Average and specify the desired number of periods.

#How to get data analysis on excel lab series

Next, add 4 other scenarios (70%, 80%, 90% and 100%).įinally, your Scenario Manager should be consistent with the picture below: Right-click the data series and click Add Trendline. Enter the corresponding value 0.6 and click on OK again.Ħ. Step 5: Once you click on Go, you will see. Step 4: Once you click on Add-Ins, at the bottom, you will see Manage drop-down list. Step 3: After selecting Options, select Add-Ins. Type a name (60% highest), select cell C4 (% sold for the highest price) for the Changing cells and click on OK.ĥ. Excel Tool for Data Analysis Step 1: Go to FILE. On the Data tab, in the Forecast group, click What-If Analysis.Ĥ. However, what-if analysis enables you to easily compare the results of different scenarios. Note: You can simply type in a different percentage into cell C4 to see the corresponding result of a scenario in cell D10.

You can use the Scenario Manager to create these scenarios. Create Different Scenariosīut what if you sell 70% for the highest price? And what if you sell 80% for the highest price? Or 90%, or even 100%? Each different percentage is a different scenario. If you sell 60% for the highest price, cell D10 calculates a total profit of 60 * $50 + 40 * $20 = $3800.