Excel Goal Seek is the tool for such data-based simulation.
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What Is Goal Seek in Excel?
Goal Seek is the built-in What-If Analysis tool of Excel.
It shows how the final value in a formula impacts the input value.
If you enter the input value in your mathematical model, youll get the result youre looking for.
Excel Goal Seek is one of the three What-If Analysis tools of Microsoft Excel.
So, you’ve got the option to find the tool in the What-If Analysis command menu.
On the Excel ribbon menu nudge the Data tab and then go to the far right on the ribbon.
There, you should see the Forecast section.
grab the What-If Analysis button and Goal Seek is the number two in thedrop down list.
The steps are similar for both Windows 11 and macOS devices.
Also read:Microsoft Excel: How to Easily Manage the Sheets
2.
However, you dont know how much you must borrow at the above interest for the above period.
For example, your business is currently selling 1,000 units of products.
Then, how many products you must sell?
PressOKand you get the sales target of products which is 1,667 units at the same MSRP and discount rate.
Goal Seek in Excel enables you to simulate an input for a mathematical formula to get a predetermined result.
Unfortunately, it doesnt support any variables or multiple cells to be factored in.
For multiple cells and variation-based What-If Analysis, you’re able to use the Solver add-in of Excel.
What Is the Shortcut for Goal Seek?
Currently, there is no dedicated shortcut for the Goal Seek function in Excel.
Sometimes, Goal Seek may derive the input value in decimals.
If you need a rounded figure automatically, you might increase its accuracy.
You cant perform a Goal Seek on Excel for multiple cells.
What Are the Advantages of Goal Seek?
Leave your comment below on your experience with the above step-by-step guide of Excel Goal Seek.
If you know any other Excel What-If Analysis techniques, do let me know.
Next up,how to compare text in Excel.
