Scribd
Upload
9 views

10th IT Notes

This document discusses various data analysis tools in Microsoft Excel including consolidating data, creating subtotals, scenario manager, goal seek, data tables, and solver. It provides examples and explanations of how each tool works and how it can be used to analyze data.

Uploaded by

work related
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
9 views

10th IT Notes

This document discusses various data analysis tools in Microsoft Excel including consolidating data, creating subtotals, scenario manager, goal seek, data tables, and solver. It provides examples and explanations of how each tool works and how it can be used to analyze data.

Uploaded by

work related
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Introduction:

Microsoft Excel is a component of Microsoft Office suite. It is one of the most professional and
spreadsheet software used by a large number of people across the world. It allows you to store,
organize,calculate and manipulate data. It provides different data analysis tools that help
analyze a large amount of data, easily and quickly.

SESSION 1 : ANALYZE DATA USING SCENARIO AND GOAL SEEK

Consolidating Data:
● Consolidating data means combining data from different sources into one place. For
example, you have sales data from four different zonal heads in four different
worksheets.
● In such a case, to analyze data, you need to collate everything into one worksheet. It will
become a tedious and tiresome task, if you combine it manually, using the traditional
way of copying and pasting.
● Excel provides the Consolidate feature that lets you collate the data with minimal efforts.
● It selects the contents of the cells from several worksheets and maintains the collected
data in a master worksheet.

First Quarter Sales of Year 2020


Cars Jan Feb March

Ferrari 350 550 450

Audi 200 349 345

BMW 700 243 654

First Quarter Sales of Year 2021


Cars Jan Feb March

Ferrari 456 400 657

Audi 678 553 548

BMW 890 348 843

Consolidating Data
Cars Jan Feb March

Ferrari 806 950 1,107

Audi 878 902 893

BMW 1,590 591 1,497


Creating Subtotals:

● The Subtotal feature of Excel is used for generating subtotals to summarize data.
● It helps you to manage, analyze, and extract specific information from the rows of related
data.
● It is a good practice to use sorted data while applying the subtotal command on it.
● Let us consider a scenario where a 'Senior Sales Manager' of a renowned publication
wants to calculate the subtotal of sales of each employee and total sales.

What-If Analysis Tools:

● The What-If Analysis tools of excel allow you to use different sets of values in one or
more formulas to explore all the various results.
● By using these tools, you can do what-if analysis to analyze complex data or two
different sets of data on the same subject.
● You can also specify a result that you want a formula to produce, and then determine if
values will produce that result.

Scenario Manager:

● Scenario manager is an important tool of Excel, which you use to test the 'What-If
questions.
● It enables you to manage and view data from different input values.
● For example, if you want to calculate the effect of different internet rates on an
investment, you could add a scenario for each interest rate, and quickly view the results.
● A scenario is a set of values that you enter in a worksheet to perform calculations.
● You can easily create, edit and format different groups of values (in form of scenarios),
and name them as per your choice.
● You can create as many scenarios as you want and then compare them without
changing the values, manually.

Goal Seek:

● Goal Seek is another useful data analysis tool of Excel. It Is used to set a goal to find the
optimum value for one to more target variables, given with the certain conditions. It
allows you to try different values in the formula to arrive at a solution for the input value.
● In other words, Goal Seek is another What If Analysis tool that helps you obtain the input
value that results in the target value that you want.

● Suppose, you want to take a loan of 6,000,000 and repay it In 25 years.


● Also, you can pay an EMI of Rs. 50,000 only.
● So, you want to know the interest rate of the loan.
● In such a situation, one Goal Seek to get the value.
Data Table:

● In Excel, a Data Table is a way to see different results by altering an input cell in your
formula.
● Instead of creating different scenarios, you can create a data table to quickly try out the
different values for the formulas.
● You can create a one or two variable data table.
● Suppose you have price, quantity, and Discount percentage of an item, and also
calculated the net price
● Let’s find out the values of net price for the various values of price and quantity.
● The price runs horizontally to the right while quantity run vertically down.

Solver:

● Solver is another What if Analysis tool.


● It follows the goal seek method to solve the equations but more elaborately.
● The only difference between goal seek and solver is that the Solver deals with the
equations with multiple unknown variables.
● It is an elaborate form of goal seek.
● The solver command is not available in Excel, by default.
● You need to load the Solver Add-in using the following steps:
1. On the file tab, click on Options.
2. Under Add-ins, select Solver Add-in and click on the Go button.

You might also like