Q. You explained Excel’s Scenario Manager in your November 2024 Tech Q&A article and Goal Seek in your December 2024 Tech Q&A article. Can you please explain the final What-If Analysis tool: Data ...

NORMSINV is an Excel function used along with normal distributions. It allows you to conduct calculations faster and with more precision than by doing them by hand. Further, you can use NORMDIST to ...

Excel's Goal Seek feature helps with reverse calculations in financial planning, like CVP analysis. Goal Seek can assist in NPV analysis by determining selling prices to reach certain targets. Using ...

Microsoft Excel’s Data Analysis Toolpak is an invaluable add-in for those who require complex statistical or engineering analyses. This powerful feature allows users to execute a variety of data ...

In the rapidly evolving world of data analysis, AI tools like Microsoft Copilot, ChatGPT, and Zebra AI are transforming the way you work with Excel. These innovative technologies harness the power of ...

Last month, we used Goal Seek to determine the most reasonable mortgage payment within a specific budget. This month, we continue with the mortgage example using Scenario Manager. We’ll generate a ...

Using Excel’s PivotTables and PivotCharts, you can quickly analyze large data sets, summarize key data, and present it in easy-to-read format. Here’s how to get started with these powerful tools.

Q. Could you explain how the UNIQUE function works in Excel? A. Excel’s UNIQUE is a dynamic array function that can be an essential tool for data analysts and accountants. This function allows users ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, ...