Forecasting Techniques & Scenario Planning in EXCEL

Introduction

In an era where data is king, the ability to forecast and predict future trends is invaluable. Understanding advanced analysis techniques enables you to delve beyond the surface, uncovering hidde n patterns and insights that drive successful strategies.

Scenario Planning and Analysis allows businesses to prepare for various future possibilities. By creating and comparing different scenarios and potential outcomes, you can anticipate changes, mitigate risks, and seize opportunities.

This workshop is grounded in real-world applications. You’ll learn to set up proble m statements, define constraints, and set objectives, transforming complex challenges into solvable queries. Whether it’s resource allocation in operations, sal es and marketin g, cos t minimization in financ e, or tackling research-related problems, the skills you acquire her e are universally applicable.

Data Analysis – Advanced Analysis & Forecasting techniques

Scenario Planning and Analysis

• Creating Scenarios:creating and managing different scenarios.
• Analyzing Scenarios:Techniques for comparing and analyzing multiple scenarios to understand potential outcomes.

Solver Tool for Advanced Analysis techniques

• Setting Up Solver:Define and set up proble m statements, constraints, and objectives in Solver.
• Running Solver:Executing Solver to find optimal solutions and interpreting the results.
• Practical Applications:Using Solver for resource allocation, cos t minimization, and other common research-related problems.