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How To Use Goal Seek In Excel What If Analysis || Excel Tips & Tricks || dptutorials

In this tutorial let us see How To Use Goal Seek In Excel What-If Analysis Goal Seek or What if Analysis is a built-in Excel feature that allows you to see how one data item in a formula impacts another. It’s useful to answer “what if” type questions because you can adjust one cell entry to see the result. This feature is often used in finance, sales, HR and forecasting scenarios. Let us consider an example like this This is the result of the ongoing elections between three parties and the condition to win elections is that the party winning 2/3 of votes share i.e.67% of votes, will win the elections. And let us try for party1 to win elections. So, now to decide how many votes are required out of polled votes, you need to use the goal seek feature so that we can change the value of one variable and see how the results change. Let us apply the Goal seek now 1. Go to the data tab in the menu bar, click on what-if analysis and select Goal seek feature 2. In the set cell field, click the cell you want to change i.e., C6 3. In the To value, enter the new “what if” amount i.e 67%, which is nothing but 2/3 proportion 4. We also need to tell Excel which cell to change. Since we wanted to know the number of votes for party1, we’ll select B6 cell. 5. Click OK. Excel will now overwrite the previous cell value 5300 with the new one 11720 votes 6. If you wish to accept the new value, click OK. So in this way, you can find out how many votes are required to fetch the 67% of the vote share of the total votes that are getting polled So, friends, this is all about How To Use Goal Seek of What-If Analysis In Excel I hope you have enjoyed this tutorial, If yes, please do give me a like, share and comment. For further more interesting videos, please do subscribe dptutorials. For Personalized detail learning, write to [email protected] If you found this video valuable, give it a like. If you know someone who needs to see it, share it. Leave a comment below with your thoughts. Add it to a playlist if you want to watch it later. *********************************************** ★ My Online Tutorials ► https://www.dptutorials.com LEARNING RESOURCES I Recommend: https://www.dptutorials.com/resources Subscribe for more Awesome Tutorials: http://goo.gl/NyAtg2 Support the Channel via shopping: http://ift.tt/2jH38PR Tools that I use for Vlogging: • Laptop: https://amzn.to/2E5U3MO • Canon 200D Camera: https://amzn.to/2HglDYA • Benro Tripod: https://amzn.to/2ExRvYj • Blue yeti microphone: https://amzn.to/2VwZyPn • Collar Microphone: https://amzn.to/2VyOdcM • Bluedio Headset: https://amzn.to/2W3xUZX • Screen recorder: https://techsmith.pxf.io/2BMjA • Boom Arm Stand: https://amzn.to/2VCQNi7 • Zoom H1 Audio Recorder: https://amzn.to/2VDumsT • Harison Softbox Studio Lights: https://amzn.to/2LY7x3u • Chroma Key Green Screen: https://amzn.to/2ExTr31 • Background Support Stand: https://amzn.to/2McqnEv • Acoustic Foam Background: https://amzn.to/2EoQ1zj • USB RGB LED Strip: https://amzn.to/2VItKm4 • Wireless Mouse: https://amzn.to/2E23cpN Note: This description contains affiliate links, which means at no additional cost to you, we will receive a small commission if you make a purchase using the links. This helps support the channel and allows us to continue to make videos like this. Thank you for your support! *********************************************** You Can Connect with Me at: YouTube:    / dptutorials   G+: http://ift.tt/2kAOpa6 Twitter:   / dptutorials15   Facebook: http://ift.tt/2kfRnDi BlogSpot: http://ift.tt/2kB14dh Follow: www.dptutorials.com www.askplanner.blogspot.com Tags: - excel formulas in English, excel in English, excel tutorial in English,ms excel in English,ms excel tutorial in English, learn excel in English,vlookup in excel in English, learn ms excel in English, excel training, excel tutorial, Microsoft Excel 2007, learn excel,tutorial excel, ms excel tutorial, excel tutorials,ms excel 2007,Microsoft Excel training,learn excel online,learning excel,free excel training,online excel training,advanced excel tutorial,excel tutorial, excel formulas and functions, excel formulas, excel tutorial in Hindi, excel formulas and functions in Hindi, excel tricks, excel in Hindi, excel shortcut keys, excel vlookup, excel formulas in Hindi, excel for beginners, excel for accounting, excel formulas and functions tutorial, Excel Sum Formula, Sum Formula series, excel attendance sheet, excel salary sheet, excel stock maintain, excel data entry, advanced excel tutorial,excel formulas,excel tutorial,vlookup excel,excel accounting,excel for beginners,excel shortcut keys,excel sum formula,excel training,excel training online,excel tricks,free excel training,learn excel,learn excel online,microsoft excel training,attendance sheet in excel,excel data entry,excel formulas and functions,microsoft excel 2007,