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Day 10: MICROSOFT EXCEL – CHAPTER 8 MICROSOFT EXCEL – CHAPTER 9 MICROSOFT EXCEL – CHAPTER 10

Day 10: MICROSOFT EXCEL – CHAPTER 8 MICROSOFT EXCEL – CHAPTER 9 MICROSOFT EXCEL – CHAPTER 10. Akhila Kondai akhila.kondai@mail.wvu.edu September 23, 2013. Announcements. Homework # 3 is due on 09/27/2013 by 11.59pm. What – if analysis. Data Table Goal Seek Scenario Manager.

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Day 10: MICROSOFT EXCEL – CHAPTER 8 MICROSOFT EXCEL – CHAPTER 9 MICROSOFT EXCEL – CHAPTER 10

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  1. Day 10:MICROSOFT EXCEL – CHAPTER 8MICROSOFT EXCEL – CHAPTER 9MICROSOFT EXCEL – CHAPTER 10 AkhilaKondai akhila.kondai@mail.wvu.edu September 23, 2013

  2. Announcements • Homework # 3 is due on 09/27/2013 by 11.59pm

  3. What – if analysis • Data Table • Goal Seek • Scenario Manager

  4. WHAT-IF ANALYSIS • What if analysis is the process of changing variables to observe how changes effects calculated results. • A variable is an input value that can change to other values to affect the results of a situation.

  5. Data table • One variable Data Table • Two variable Data Table

  6. Creating a one variable data table • A data analysis tool that provides various results based on changing one variable. • 3 steps • Enter Substitution values for a one-variable data table • Enter formulas and complete the data table • Format the one-variable data table

  7. Substitution values… • Click cell D4, enter 4% • Home ribbon -> Editing group -> Fill -> Series • Select column radio button, and give Step value box value as 0.25% and Stop value box value as 6% • Format the range D4:D12 to percentages with 2 decimal points.

  8. Completing the data table… • E3->B12 : F3->B13 : G3->B14 • Select D3:G12 • Under DATA TAB go to What-If Analysis -> Data table • Give column input cell as $B$4 and click OK

  9. Format the table… • Select range E4:G12 and give the number format as Accounting with 2 decimal points • Enter APR in cell D3 • Select cell E3  Format cells  Select Custom  General  type “Payment” and click OK. • F3 as Total Repaid and G3 as Total Interest.

  10. Creating a two variable data table • A data analysis tool that provides various results based on changing two variables. • 2 steps • Set up the structure for a Two-Variable data table • Complete the Two-Variable Data Table

  11. Data table structure… • Different “cost of car” in row J3:L3 • Enter 20000,25000,30000 • Different APR in column I4:I20 • Increasing values from 4% to 6% at a step value od 0.125% • Format I4:I20 as Percent style with 3 decimal points • Specify which variation do you want to observe (eg. Monthly Payment B12) in cell I3

  12. Completing the table... • Select I3:L20 • Under DATA TAB go to What-If Analysis -> Data table • Give B2 as row input cell box and B4 as column input cell box. • Format cell I3 to display APR

  13. Goal seek

  14. Create a Goal seek • Goal seek is a tool that identifies the necessary input value to obtain a desired goal. • What If Analysis ->Goal seek • Set cell box  B12 • Enter 300 in To Value box • By changing cell box  B2 • Click OK to accept the solution

  15. Scenario manager

  16. SCENARIO MANAGER • Scenario is a set of values that represent a possible situation. • Scenario manager enables you to define and manage scenarios to compare how they affect results.

  17. Using scenario manager • Create and edit Scenarios • View Scenarios • Generate Scenario Summary Report

  18. Create a Scenario • What-If Analysis -> Scenario manager • Click Add • Scenario name : Best-case • Changings cell : B2:B5 • Enter : 25000 in $B$2 , 5000 in $B$3, 0 in $B$4, 6 in $B$5 • Create Additional Scenarios • Click Add • Scenario name : Most Likely-case • Changings cell : B2:B5 • Enter : 22500 in $B$2, 6500 in $B$3, 4.25% in $B$4, 5 in $B$5

  19. Create A summary report • What-If Analysis Scenario manager  Summary • Result cells box : Range B12:B14 • Click OK

  20. solver • Solver is an add-in application that manipulates variables based on constraints to find the optimal solution to a problem. • Solver is one of the most sophisticated what-if analysis tools, and people use Solver in a variety of situations and industries.

  21. Loading the solver add-in • Go to file tab • Select options  Add-ins • Manage->Excel Add-ins and click GO • Select Solver Add-in • You can see Solver option in Data ribbon

  22. Optimizing results with solver • Identify Objective cell, contains the formula-based value that you want to maximize, minimize. Or set to a value in Solver. • Identify Changing cells, contains a variable whose value changes until Solver optimizes the value in the objective cell

  23. SOLVER EXAMPLE • Step 1: Set the Objective and Variable cells • Step 2: Define Constraints • Step 3: Generate a report

  24. Step 1… • Enter 25000 in B2 and 5000 in B3 • Define objective cell and changing variable cells. • Objective cell -> B12 • To value off : 300 • By changing variable cells : B2:B5

  25. Step 2… • Define constraints • B2<=30,000 • B2>=20,000 • B3<=7,500 • B3>=5,000 • B4<=6% • B4>=4% • B5<=6 • B5=integer • B5>=4

  26. Step 3… • Generate a report. • Click on SOLVE • Select ANSWER in the REPORT LIST • Observe the result in Answer Report 1 worksheet tab.

  27. Multiple-sheet workbook management

  28. Grouping and ungrouping worksheets • All worksheets • Adjacent worksheets use SHIFT • Non Adjacent worksheets use CONTROL

  29. Worksheet reference • Pointer to a cell in another worksheet • Syntax : ‘Worksheet_name’!Range_Of_Cells • Select cell B1 in sheet 1 and calculate the average for cells J4:J20

  30. 3d formula • Formula or function that refers to the same range in multiple worksheets. • Select cell B2 in sheet 1 • Type =SUM( • Click sheet 2, press and hold shift and then click sheet 3 and select cell A1 • The formula becomes =SUM(Sheet2:Sheet3!A1)

  31. Inserting hyperlinks • Hyperlink is an electronic marker to another location in a worksheet, workbook, file, web page or email. • Select B1  Insert ribbon  Hyperlink in the Links group • Type J4:J20 in the Type the cell reference box and click OK.

  32. Templates, themes and styles

  33. Selecting a template • Template is a special workbook file used as a model to create similarly structured workbooks • File -> New • Search for template • Select one • Preview of selected template

  34. Applying themes and backgrounds • A theme is a collection of colors, fonts, and special effects. • Page Layout ribbon • Themes • Select one • A background is an image that appears behind the worksheet data onscreen • Page Layout ribbon • Background -> select desired file

  35. Applying cell styles • A cell style is a set of formatting options applied to worksheet cells • Home ribbon • Styles -> Cell styles

  36. Questions ?

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