FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -What is Goal Seek in Excel? Goal Seek is Excel’s built-in What-If Analysis tool that shows how one value in a formula impacts another. More precisely, it determines what value you should enter in an input cell to get the desired result in a formula cell.

Detailed explanation-2: -Goal Seek. Whenever you create a formula or function in Excel, you put various parts together to calculate a result. Goal Seek works in the opposite way: It lets you start with the desired result, and it calculates the input value that will give you that result. We’ll use a few examples to show how to use Goal Seek.

Detailed explanation-3: -On the Data tab, in the Data Tools group, click What-If Analysis, and then click Goal Seek. In the Set cell box, enter the reference for the cell that contains the formula that you want to resolve. In the example, this reference is cell B4. In the To value box, type the formula result that you want.

Detailed explanation-4: -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.

Detailed explanation-5: -A what-if analysis is a process of changing values in (Microsoft Excel) cells to see how these changes will affect formula outcomes on the worksheet. When you are goal seeking, you are performing what-if analysis on a given value, or the output.