0
Scenarios allow you to keep a set of values saved for a spreadsheet, that you can switch for other saved values. Often you will have a spreadsheet that you want to try various values for. Most of the spreadsheet will be the same, but there are certain things that can change, like tax rates or prices. Changing them all and then changing them back can be slow and sometimes lead to errors if you forget to change one back. For example, you may have a business spreadsheet that uses different currencies that you want to use one at a time, and be able to switch between different ones, without having separate sheets for each one. Or you could have one where you are experimenting with various amounts expenses, that are different in different locations where your products are sold, like rental or wages.
If you want to be able to swap back and forward between the different combinations, you can save the values in certain cells in a scenario and have them automatically reloaded at any time by opening the saved scenario. That way you don't lose the sets of values and you can be sure that they have all been restored correctly. It allows you to compare various combinations on the one sheet. So you can do something like see what profit you will make if you manufacture a certain amount of goods and sell them at a certain price. The amount of goods made and the price would be the two figures you would save in your scenario. You would have a number of combinations of these, each saved so that you can restore them at any time.
When you create the scenario, you give it a name and you specify the cells that are to change and the values that you want in them. The cells have to have values, not formulas. You should already have the first set of values in your specified cells. Those values will be saved when you save the scenario. If you change them, all you have to do is reload the scenario and the values in the cells will go back to what they were. You can save several different scenarios, each with different values for those cells. It means one sheet can be used with different sets of values that can be restored when you want. There are lots of uses for the facility. The best thing to do is to start with a very simple spreadsheet with just a few formulas and values and experiment with saving Scenarios that will change just one or two cells.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How many scenario can a Excel Scenario Manager have?
You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.You can have as many scenarios as you want. There is no limit.
A spreadsheet is often called a ----L when used to try out different scenarios?
i think it's conditional
How do you write test scenarios on a XL?
XLS is the file extension for MS Excel 2003 and earlier. If you want to save something in XLS format, then put the scenario data in Excel and save in Excel 2003 format.
How do you write test scenarios on a xls format?
XLS is the file extension for MS Excel 2003 and earlier. If you want to save something in XLS format, then put the scenario data in Excel and save in Excel 2003 format.
What is scenario manager in Excel?
To model problems that are more complicated than data tables can handle, involving as many as 32 variables, you can use the services of the Scenario Manager in Microsoft Office Excel 2003. A scenario is a named combination of values that is assigned to one or more variable cells in a what-if model. You can use the Scenario Manager to enter variable figures in your what-if model and watch the effect on dependent computed values.Here are some of the things you can do with the Scenario Manager in Excel:Create multiple scenarios for a single what-if model, each with its own sets of variables. You can create as many scenarios as your model necessitates.Distribute a what-if model to members of your team so that they can add their own scenarios. Then you can collect the versions and merge all the scenarios onto a single worksheet.Using Scenario Summary, examine relationships between scenarios created by multiple users.
Microsoft Excel an electronic spreadsheet program is part of the MS Office suite Name five useful applications of spreadsheets?
Doing calculations.Doing statistical analysis.Creating charts.Forecasting possible trends.Comparing scenarios.
Why do you conduct a What-if analysis?
What-If Analysis is the procedure of shifting the values in units to perceive how those changes will have an effect on the outcome of modus operands on the spreadsheet. Three kinds of What-If Analysis tools associated with Excel are Scenarios, Goal Seeking and Data Tables. Scenarios and Data tables capture groups of effort values and conclude probable results.
Why should I conduct a What-if analysis?
What-If Analysis is the procedure of shifting the values in units to perceive how those changes will have an effect on the outcome of modus operands on the spreadsheet. Three kinds of What-If Analysis tools associated with Excel are Scenarios, Goal Seeking and Data Tables. Scenarios and Data tables capture groups of effort values and conclude probable results.
What is the difference between auditing and scenario in Excel?
They are completely different things. Auditing is for checking errors in cells and formulas. You can use it to do things like check what cells are being used by a formula or checking what formulas use a particular cell. Scenarios all you to keep various sets of values for particular cells and choose one set to put into the cells, and then swap them for another. It can be used to compare different scenarios and save those scenarios. You could use the same worksheet based on different currencies, and using different scenarios swap different currencies into the cells.
Which scenarios depict a workgroup network?
Which of the following scenarios depict a workgroup network
When was Scenarios - album - created?
Scenarios - album - was created on 2007-06-27.
When was Scenarios of Violence created?
Scenarios of Violence was created on 1996-03-19.
