How To Use Excel Goal Seek

More about goal seek.

How to use excel goal seek. 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. The goal seek tool is simple to use. Excel returns an approximate solution. Set cell the reference to the cell containing the formula b5. On the data tab click what if analysis and then click goal seek.

Other commands in the what if analysis tool set are the scenario manager and the ability to create data tables. 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. Set cell the formula of the result to value the desired result of the formula by changing cell the value you want to adjust now let s apply them in a real life scenario. On the data tab in the data tools group click what if analysis and then click goal seek. Goal seek will run and display the insurance rate in b3 based on the payment amount in b4.

Click on what if analysis drop down menu click on goal seek in the goal seek dialog box select b6 in the set cell enter 25000 in the to value. In the example goal seek determined that the interest rate is 7 02. Hope you understood how to use goal seek function inm excel 2016. Use goal seek again. To value the formula result you are trying to achieve 1000.

There are three parameters you should know about. How to use goal seek in excel. Excel returns a more precise solution. Goal seek input dialog. Steps to using goal seek create your formula within your spreadsheet select the cell that you want to change to output to from the data ribbon select what if analysis and select goal seek shortcut key alt a w g.

In this example we re asking excel to replace the contents of cell d4 which is 0 64 with 0 67. Select goal seek from the drop down menu. Under calculation options decrease the maximum change value by inserting some zeros. On the file tab click options formulas. Dan s score needs to be matching the overall average which is b10.