Decision analysis is a systematic approach to evaluating and choosing among alternative courses of action. The what-if function in Excel can be used to perform a basic form of decision analysis by allowing you to see the potential outcomes of different decisions. This can be useful for making informed choices and identifying the best course of action based on the available information.
The what-if function in Excel allows you to perform "what if" scenarios, which allow you to see how different inputs or assumptions can affect the outcome of a calculation. For example, you can use the what-if function to see how changes in interest rates or sales projections might impact your bottom line. This function can be useful for planning and decision-making, as it allows you to quickly and easily evaluate different scenarios and see the potential consequences of your decisions.
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