Microsoft Excel SOLVER | Explained - How to use solver to maximize profit or simulate scenarios
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4 سال پیش
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This is an advanced excel
This is an advanced excel tutorial, showcasing the use of SOLVER add-in function and it's applications in the current situation [Excel 2020]. SOLVER allows you to change multiple variables to find an optimal solution. You can use solver for optimization problems to better allocate scarce resources, Analyze and control risk, Data visualization, forecasting, text mining, and predictive analytics for large datasets. Microsoft Excel SOLVER Explained in the video in such a way that you can use these techniques and process to Maximize Profit and Simulate scenarios for your business as well
Solver can be used for more complex “what-if-analysis” which Goal Seek can’t. Goal seek is restricted to changing one variable, whereas with solver you can have many variables. Calling Solver an “advanced goal seek” doesn’t do it any justice.
Solver can handle complex data models and solve for the optimal solution. But, it can also easily solve for the more simpler problems that we might face at work. Solver is basically an advanced version of Goal Seek with many variables. There are many benefits for using SOLVER, it is used by several professionals like financial analyst, excel modelers, investment bankers, project control analyst and is helpful to perform what-if analysis in excel [excel solver profit optimization]. Learn the advanced excel tricks [excel tips and tricks]
In this video, I show you the following:
1 - How to use SOLVER to maximize the profit with limitations on inventory buying or stocking.
2 - How to add constraints to your model to create real-life scenario.
3 - How to setup excel worksheet to use SOLVER
Let me know in the comment section if you want me to show the use of Solver for different types of scenarios. Also, if you found this video useful, please like the video and subscribe to my channel.
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#MsExcel #Solver #Excel #optimization #Simulation #DataMining
4 سال پیش
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