You use formulas within your equation and then use Goal Seek in addition to the formulas to create the What If scenario. It is important to note that Goal Seek is not a formula like SUM or AVERAGE. It is commonly used in equations for sales, forecasting and finance. It is similar to the idea of cause and effect, letting you know what happens if something in an equation changes. You can see how changing one variable may affect the output. It allows you to use trial and error to reach a desired goal. It also is called What If, and it can help you to create an equation where you can find a certain output by changing the variables. Goal Seek is one of the built-in features within Microsoft Excel. Let’s go over what Goal Seek is and how it is used so you can begin to use it yourself in your own spreadsheets. This is a feature that can be very useful, but it also takes a little work to understand how to use it. You could create a monthly budget or figure interest on a loan, but you need to decide what formula, function or feature in Excel will help you to get the desired end result. Of course, another part of the process is knowing which function or feature to use in Excel because the program has many different functions and features to allow you to do a variety of mathematical equations. You do have to know what numbers to plug in, but if you have that information, Excel handles the math part for you. Excel is a very useful program that allows you to do math without actually having to do the calculations yourself.
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