Add, Show, Close, Edit, Merge, and Summarize Scenarios

Scenarios in Microsoft Excel are a useful tool for analyzing different sets of data and comparing them to each other. Here’s how to add, show, close, edit, merge, and summarize scenarios in Excel:

Add a scenario: To add a scenario, start by clicking on the “Data” tab in the Excel ribbon. Then, click on the “What-If Analysis” button and select “Scenario Manager” from the drop-down menu. In the Scenario Manager dialog box, click on “Add” and enter a name for the scenario. Then, select the cells that you want to change in the scenario and enter the new values for those cells.

Show a scenario: To show a scenario, click on the “Data” tab in the Excel ribbon and select “Scenario Manager” from the “What-If Analysis” drop-down menu. Select the scenario that you want to show and click on “Show”. Excel will display the scenario in your worksheet.

Close a scenario: To close a scenario, click on the “Data” tab in the Excel ribbon and select “Scenario Manager” from the “What-If Analysis” drop-down menu. Select the scenario that you want to close and click on “Delete”. Alternatively, you can click on “Close” to exit the Scenario Manager dialog box without deleting the scenario.

Edit a scenario: To edit a scenario, click on the “Data” tab in the Excel ribbon and select “Scenario Manager” from the “What-If Analysis” drop-down menu. Select the scenario that you want to edit and click on “Edit”. Then, make the changes that you want to the scenario and click on “OK”.

Merge scenarios: To merge scenarios, click on the “Data” tab in the Excel ribbon and select “Scenario Manager” from the “What-If Analysis” drop-down menu. Click on “Merge” and select the scenarios that you want to merge. Then, enter a name for the merged scenario and click on “OK”.

Summarize scenarios: To summarize scenarios, click on the “Data” tab in the Excel ribbon and select “Scenario Manager” from the “What-If Analysis” drop-down menu. Click on “Summary” and select the scenarios that you want to summarize. Excel will create a summary report that shows the results of each scenario.

By using scenarios in Excel, you can compare different sets of data and analyze the impact of different variables on your results. Whether you need to compare different pricing models, test different production strategies, or analyze any other type of data, scenarios can help you make more informed decisions.