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PIVOT TABLE
INTRODUCTION
A Pivot table is a powerful tool to calculate, summarize, and analyse data that
lets you see comparisons, patterns, and trends in your data. pivot table work a
little bit differently depending on what platform you are using to run Excel.
Selecting add this data to the data model will add the table or range being
used for this pivot table into the workbook data model.
5.Click ok.
GOAL SEEK
INTRODUCTION
Goal seeking is the ability to calculate backword to obtain an input that
would result in a given output. This can also be called what-if-analysis
and back-solving.
The process of finding the correct input when only the output is known.
To perform this task from the tools mean use the Goal Seek command.
Now. We want to calculate the value of c2 when we assume the sum
takes a value270. We will do this by Goal Seek.
OBJECTIVE OF GOALSEEK
You can use goal seek to determine what interest rate you will need to
secure in order to meet you loan goal.
To be able to define the terms profit and loss.
To be able to use the goal seek function to identify necessary changes to
variable.
CREATE A GOAL SEEK
1.First add some label in the first column to make it easier to read the worksheet
4. Click OK.
SOLVER
INTRODUCTION
Excel Solver belongs to a special set of commands often referred to as
What-if Analysis Tools. It is primarily purposed for simulation and
optimization of various business and engineering models.
The first spreadsheet program was VisiCalc in 1979. Developed by Dan
Bricklin and Bob Frankston, VisiCalc was published by Dan Zylstra.
To enable Solver in Excel, press Alt + T followed by I. Add a checkmark
next to Solver.
OBJECTIVE OF SOLVER
The objective cell (target cell in earlier excel version) is the containing a
formula that represents the objective or goal of the problem the
objective cab be to maximize minimize or achieve sone target value.
To solve Linear and nonlinear problem.
Arithmetic equation.
CREATE A SOLVER EXCEL
Step 1: In the Excel ribbon, go to the Data tab and click Solver in the Analyse
group.
Step 2: Select the cell reference (D10) with the current total as the “Set
Objective” and cell range with the cost of items (B6:B9) as “By Changing
Variable Cells”.
Step 4: Select cell reference as cell D10, click the “Equal to” sign (=), and type
2000.
Step 6: Select the cell cost range (B6:B9) and provide the Cell Reference.
Step 7: Select int (integer) from the drop-down.
The value integer automatically reflects as the constraint.
Step 8: Click Add.
Step 9: Select the cell cost range (B6:B9) to provide the Cell Reference.
Step 10: Proceed to the next drop-down menu. Select greater than or equal to
(>=) therein.
Adantage of Solver
Ability to specify multiple adjustable cells, up to 200 adjustable cells in
all.
Ability to set up constraints on the adjustable cells.
Ability to seek not only a desired result but also the optimal one.
Ability to generate multiple solutions for complex problems.
Ability to solve equations with a single unknown variable.
SCENARIOS
INTRODUCTION
A Scenario is a set of values that Excel saves and can substitute
automatically on your worksheet. You can create and save different
groups of values as scenarios and then switch between these scenarios
to view the different results.
Scenarios are managed with the Scenario Manager wizard from the
What-If Analysis group on the Data tab.
Scenario Manager is a useful feature in Excel that allows you to quickly
switch between different sets of values for one or more cells. This lets
you compare different scenarios and outcomes without changing the
original data.
OBJECTIVE OF SCENARIOS
Allow you to changes or substitute input value for multiple cells.
Scenarios provides a way to consider the effect on a plan, project or
timeline if variability in factors exists.
The Scenario manager allow you to mark steps and action as passed
or failed.
CREATE A SCENARIOS
Step1
LOW CELLS
Then, you should the name of the new scenario in the Scenario Manager.
Finally, you will get a Scenario Summary with the comparison of the values
within different scenarios.
TYPES OF CHARTS
List of Top 8 Types of Charts in MS Excel
Column Chart
A column chart is a bar-shaped chart that has a bar placed on the X-axis. This
type of chart in Excel is called a column chart because the bars are placed on
the columns. Such charts are very useful in case we want to make a
comparison. Below are the steps for preparing a column chart in Excel:
Step1, select the data and the “Insert” tab, then select the “Column” chart.
Pie Chart
Step1, Select the data, go to the “Insert” tab, and select the “Pie” chart.
Step2.Then,
the pie
chart
looks
like as
given
below:
With the help of each slice bar, we can easily compare one with
another.
It easy, and no need to explain it to the end-user. It is understandable
by any means.
Bar Chart
In the bar chart, the data is plotted on the Y-axis. That is why this is
called a bar chart. Compared to the column chart, these charts use the Y-
axis as the primary axis.
This chart is plotted in rows. That is why this is called a row chart.
Step1 Select the data, go to the “Insert” tab, and then select the “Bar” chart.
Step2,
Then, the bar chart looks like as given below:
Area Chart
The area chart and the line charts are the same, but the difference that
makes a line chart an area chart is that the space between the axis and
the plotted value is coloured and is not blank.
Using the stacked area chart, this becomes difficult to understand the
data as space is coloured with the same colour for the magnitude that is
the same for various datasets.
Step1, Select the data, go to the “Insert” tab, and select the “Area” chart.
Scatter Chart
The scatter chart in excel Scatter Chart In Excel Scatter plot in excel is a two
dimensional type of chart to represent data, it has various names such XY
chart or Scatter diagram in excel, in this chart we have two sets of data on X
and Y axis who are co-related to each other, this chart is mostly used in co-
relation studies and regression studies of data. Read more plots the data on
the coordinates.
Step1, Select the Data and go to Insert Tab, then select the Scatter Chart.
The scatter charts help determine the relationship between two or more
variables, and they mainly showcase the relationship of one variable
concerning another.
Stock Chart
charts are used in stock exchanges Stock Exchanges Stock exchange refers to
a market that facilitates the buying and selling of listed securities such as
public company stocks, exchange-traded funds, debt instruments, options,
etc., as per the standard regulations and guidelines—for instance, NYSE and
NASDAQ. Read more or to represent the change in the price of shares.
Step1 Select the data, go to the “Insert” tab, and then select the “Stock” chart.
Radar Chart
The radar chart Radar chart in excel is also known as the spider chart in
excel or Web or polar chart in excel, it is used to demonstrate data in two
dimensional for two or more than two data series, the axes start on the
same point in radar chart, this chart is used to do comparison between
more than one or two variables, there are three different types of radar
charts available to use in excel. Read more is similar to the spider web, often
called a web chat.
Step1, Select the data and go to “Insert Tab.” Then, under the “Stock” chart,
select the “Radar” chart.
It tells a vivid and visual story about the dataset, which can be easily
understood by a layman.
They can compare multiple sets of data or changes that occur over time.
This is one of the distinct advantages of radar charts. It allows you to
analyse several variables with less cluttering compared to other charts.
Comparisons are easy and fast with radar charts.
The outliers are easily noticeable on radar charts because they do not
overlap with other variables on the graph.
They can compare unrelated variables.