Using What-If Analysis: Creating Scenarios on Excel
Purpose of Scenarios in Excel:
1. What-If Analysis: Scenarios help you model and evaluate different possible outcomes based on changing certain variables, all without altering the original data in your worksheet.
2. Decision Making: It allows you to make data-driven decisions by evaluating multiple possible scenarios, such as different sales projections, expense estimates, or investment outcomes.
3. Scenario Comparison: You can create and compare various scenarios side-by-side to assess the impact of different inputs on your results.
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