How To Use Excel Goal Seek

Hope you understood how to use goal seek function inm excel 2016.

How to use excel goal seek. In this example we re asking excel to replace the contents of cell d4 which is 0 64 with 0 67. On the data tab in the data tools group click what if analysis and then click goal seek. Use goal seek to find the input value that produces a formula result of 25. Set cell the reference to the cell containing the formula b5. On the file tab click options formulas.

In the set cell box enter the reference for the cell that contains the formula that you want to resolve. To display the insurance rate as a percentage appropriate for this example click the home tab at the top of excel click cell b3 then press ctrl shift. How to use goal seek in excel. Press ok and you will get dan s score. Goal seek function finds a solution and shows with goal seek status.

Other commands in the what if analysis tool set are the scenario manager and the ability to create data tables. Excel returns a more precise solution. There are three parameters you should know about. Dan s score needs to be matching the overall average which is b10. To value the formula result you are trying to achieve 1000.

More about goal seek. Excel returns an approximate solution. The default value is 0 001. In excel 2016 for mac. The goal seek tool is simple to use.

Go to the data tab forecast group click the what if analysis button and select goal seek in the goal seek dialog box define the cells values to test and click ok. In the example goal seek determined that the interest rate is 7 02. In the goal seek dialog enter the new what if amount in the to value. Use goal seek again. Under calculation options decrease the maximum change value by inserting some zeros.