Koofer (3) - Chapter 6 Using Excel to Support Decisions...

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Chapter 6: Using Excel to Support Decisions Chapter Skills Recognize the type of data that lends itself to PivotTable (& PivotChart) analysis. Any well-structured list of data Insert -> tables -> pivot table Understand how to set up a pivot table to view the desired dimensions of the data summary. Apply sensitivity (what-if) analysis models to business scenarios. Removes decision variables from formulas to assumption cells so they are easy to change To access the scenario manager - data, data tools, what if analysis, scenario manager Click add, name and select cells to change, click okay, add new values, click OK, repeat Store scenarios of sensitivity analyses for viewing. Click summary to view all scenarios side-by-side In scenario summary, all values are text so they can be changed to be more meaningful Produce data tables to summarize inputs and outputs of a decision model. One variable- put inputs in one column (units produced product 2) and formulas for outputs in header row. Select table and click: data, data tools, what if analysis, data table , only fill column input cell with cell wanting to
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