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What is meant by a spreadsheet model?
A spreadsheet model is the model (the type) of the spreadsheet. - how it looks like.
Are statistics use in a financial spreadsheet?
Yes. Statistics and statistical functions would indeed be used in a financial spreadsheet. A lot of financial data is statistical.
What is a spreadsheet capable of doing?
Spreadsheet capable for us to take financial information and maintain their financial records up to date.
What do Spreadsheet programs create?
financial presentations
What is a spredsheet model?
A spreadsheet model would be a project/scenario shown or presented within an Microsoft Excel spreadsheet.
Who might use a spreadsheet model?
people who use spreadsheet models might be phone companies, concert hosts or any one who needs an easy way to find out how long/how much it is going to be
How did a spreadsheet come about?
VisiCalc was the first spreadsheet program available for personal computers, it was Conceived by Dan Bricklin, refined by Bob Frankston. The idea came to Bricklin after he saw his college professor doing a financial model on a blackboard and he realised that he could do this on a computer easier.
A worksheet with financial data laid out in rows and columns?
It is called a spreadsheet.
Which type of software use to prepare a budget forecast?
A financial package or a spreadsheet.
What are the four steps that must be done to implement any LP problem in a spreadsheet?
1. Organize the data for the model on the spreadsheet 2. Reserve separate cells in the spreadsheet to represent each decision variable in the algebraic model. 3. Create a formula in a cell in the spreadsheet that corresponds to the objective function in the algebraic model. 4. For each constraint, create a formula in a separate cell in the spreadsheet that corresponds to the left-hand-side of the constraint.
Can spreadsheets be used for financial and cost record keeping?
A spreadsheet is for numerical analysis and manipulation, so anything to do with numbers and calculations can be done with a spreadsheet. Spreadsheets also have some specialised functions specifically for financial activities. So spreadsheets can indeed be used for financial and cost record keeping.
What is a constant on a spreadsheet model?
It usually is a baseline number that does not change.
