Scribd
Upload
63 views9 pages

Spreadsheet Modelling L3 'What If' Scenarios

This document discusses using spreadsheets to model different "what if" scenarios to achieve goals. It covers: 1. Adding new product items to an existing spreadsheet and estimating sales figures 2. Trying different pricing and sales volume scenarios to see their impact 3. Using the MAX function to identify the most profitable product and naming that cell

Uploaded by

Sullam Sullam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
63 views9 pages

Spreadsheet Modelling L3 'What If' Scenarios

This document discusses using spreadsheets to model different "what if" scenarios to achieve goals. It covers: 1. Adding new product items to an existing spreadsheet and estimating sales figures 2. Trying different pricing and sales volume scenarios to see their impact 3. Using the MAX function to identify the most profitable product and naming that cell

Uploaded by

Sullam Sullam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 9

‘What if’ scenarios

Spreadsheet modelling
Learning objectives
• Use a spreadsheet to model outcomes
• Use functions including Max, Min and If
• Name a cell
• Sort data into different sequences
• Try out different ‘What if’ scenarios to achieve a goal
• Display formulae in a spreadsheet
Spreadsheet modeling
‘What if’ scenarios

Open the spreadsheet Merchandising TBNT UK that


you worked on in the last lesson. (Your figures may be
different from the ones below.)
Spreadsheet modeling
‘What if’ scenarios

Increasing merchandising
profits
• Use your research on merchandise to add three new
products to your spreadsheet
• Estimate some possible sales figures for these
products
• How will you arrive at a reasonable estimate?
Spreadsheet modeling
‘What if’ scenarios

‘What if’ scenarios


• One of the great advantages of using a spreadsheet
is that you can try out different options
• ‘What if’ we charge more for T-shirts?
• ‘What if’ we lower the price on hoodies and sell twice
as many?
• What other scenarios can we try?
Spreadsheet modeling
‘What if’ scenarios

Which item gives the most


profit?
• Finding the product that produces the maximum
profit will help us decide where to put in the
maximum effort!
• Use a function Max to find the maximum profit figure
• Name this cell Max_Profit by entering the name to
the right of the formula bar
Spreadsheet modeling
‘What if’ scenarios

The ‘IF’ function


• The result of an ‘IF’ function depends on a condition
which you specify

=IF(Condition,value if true,value if
false)
• In cell F7, enter an IF function
=IF(E7=Max_Profit,"Max profit","")
• Copy this function down the column
• Why did we need to name the cell containing the
maximum profit?
Spreadsheet modeling
‘What if’ scenarios

Sorting data
• Sort by different columns of data
• Sort in ascending or descending order
Spreadsheet modeling
‘What if’ scenarios

Worksheet 3
• Now try Tasks 1-3 on Worksheet 3

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy