The Data Table is an old and somewhat neglected Excel option that allows you to see the results of applying different scenarios within a table. For a given formula and criteria, it returns alternative values of that formula. Criteria can be drawn from rows or columns, and there is the possibility of a report containing two groups of criteria. This is perhaps a better tool than a scenario if we perform simpler analyzes …
In economics, the question often arises: Do you leave or keep a product? The answer to this dilemma is often difficult to find, but by analyzing the summary of the income statement we can come up with quantitative data that can make it easier for us to make such a decision. This is also an appropriate way to apply a Scenario method by which we can calculate alternatives depending on the steps taken.
The main feature of modern business is that the changes are quick and unpredictable. As a result, it is sometimes necessary to make several variations of the report, taking into account several possible alternatives to the value of the data that may affect the final outcome. For this purpose, the scenario method is used. Excel offers the ability to easily add, edit, and delete scenarios. The scenario shows the ability to display alternative business reports.