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Solver Add-ins

How to use Solver in Excel

The solver in Excel is part of an analysis tool known as “What-If analysis”. You can use a solver to ascertain an optimal value in one cell known as the “target cell”.

Basically, a solver is used for a group of cells that are directly or indirectly related. Constraints can also be applied to minimize the value that can be used by Solver. We will provide a step-by-step guide on how to use Solver to find a solution to a business problem.

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What IF Analysis Data

How to Use What If Analysis in Excel

What-if analysis is a powerful Excel tool used to analyze the effect of changing variables on outcomes. It is essentially the reverse of standard formulas. While formulas take known inputs to calculate an output, what-if analysis allows you to find the necessary input to achieve a particular result.

You can use what-if analysis for many applications, such as planning your budget, finding investment returns, or estimating monthly savings needed to meet retirement goals. One of the most popular what-if analysis tools in Excel is Goal Seek.

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