Use goal seek in excel for mac how to#

The вЂњGoal SeekвЂќ excel window appears as shown in the following image.

In the Data tab, click вЂњGoal SeekвЂќ from the вЂњwhat-if-analysisвЂќ drop-down.

The steps to use Goal Seek in excel are stated as follows:

Use goal seek in excel for mac how to#

You are free to use this image on your website, templates etc, Please provide us with an attribution link How to Provide Attribution? Article Link to be Hyperlinked For working with multiple input values, use the solver in Excel. Note: At a given time, Goal Seek works with only one variable input. This is the cell we want to change in order to impact the вЂњset cell.вЂќ By changing cellвЂ“In this box, enter the reference of the input cell (variable) to be adjusted.This is the value of the вЂњset cellвЂќ to be attained. To valueвЂ“In this box, enter the desired output to be achieved.This is the target cell or the formula cell. Set cellвЂ“In this box, enter the cell reference of the formula to be resolved.The parameters to be specified in the вЂњGoal SeekвЂќ dialog box are stated as follows: Goal seek function in excel is used in financial modeling and forecasting scenarios. This is why it is helpful in cause and effect analysis. It shows the impact of change in one value on the other value. The Goal Seek changes the variable (cause) to study the variations in the result (effect). The Goal Seek function can determine the number of units of the product to be sold to achieve the given target of $50,000. In other words, the tool helps answer the question, вЂњwhat should be the value of the input in order to attain the given output?вЂќДЇor example, the cost price of a product is $15 and the business wants to earn revenue of $50,000. The Goal Seek in excel is a вЂњwhat-if-analysisвЂќ tool that calculates the value of the input cell (variable) with respect to the desired outcome.