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How do I use Goal Seek in Excel 2013?

How do I use Goal Seek in Excel 2013?

Goal Seek

  1. Select the cell whose value you want to change.
  2. From the Data tab, click the What-If Analysis command, then select Goal Seek from the drop-down menu.
  3. A dialog box will appear with three fields:
  4. When you’re done, click OK.
  5. The dialog box will tell you if Goal Seek was able to find a solution.

What method does Excel Goal Seek use?

The Goal Seek Excel function (often referred to as What-if-Analysis) is a method of solving for a desired output by changing an assumption that drives it. The function essentially uses a trial and error approach to back-solving the problem by plugging in guesses until it arrives at the answer.

How do you automate Goal Seek in Excel?

Record a macro

  1. Click Record Macro in the Developer.
  2. (Optional) Give a friendly name and click OK to start recording.
  3. Open the Goal Seek window by following Developer > What-If Analysis > Goal Seek.
  4. Enter your inputs:
  5. Click OK to run Goal Seek.
  6. Click OK on Goal Seek Status dialog.

How do you use Goal Seek with two variables?

Here’s how to use Goal Seek, step by step:

  1. Click Data > What-If Analysis > Goal Seek.
  2. Put the “equals” part of your equation in the Set Cell field.
  3. Type your goal value into the To value field.
  4. Tell Excel which variable to solve for in the By changing cell field.
  5. Hit OK to solve for your goal.

Do what if analysis with Goal Seek?

Goal Seek is a What-If Analysis tool that helps you to find the input value that results in a target value that you want. Goal Seek requires a formula that uses the input value to give result in the target value.

When using Goal Seek can you find a target?

Goal Seek requires a formula that uses the input value to give result in the target value. Then, by varying the input value in the formula, Goal Seek tries to arrive at a solution for the input value. Goal Seek works only with one variable input value.

What is the difference between solver and Goal Seek in Excel?

Goal Seek determines what value needs to be in an input cell to achieve a desired result in a formula cell. Solver determines what values need to be in multiple input cells to achieve a desired result.

When using Goal Seek in Excel you can find a target result by varying?

Goal Seek requires a formula that uses the input value to give result in the target value. Then, by varying the input value in the formula, Goal Seek tries to arrive at a solution for the input value.

How do I calculate effective interest rate in Excel?

Effective Interest Rate = (1 + i/n)n – 1

  1. Effective Interest Rate = (1 + 9%/365) 365 – 1.
  2. Effective Interest Rate = 9.42%

How do you use Goal Seek with three variables?