1. BUS1MIS Management Information Systems Semester 1, 2012 Excel: Business Decision Making Week 5 Lecture 2

2. In this lecture the key ideas are: More sophisticated What-If? scenarios Presenting Excel data and charts in a Word document Also included will be: An overview of the assignment

3. What-If? Scenarios To use our spreadsheet models to make the best business decisions we can make use of more sophisticated What-If? scenarios that Excel provides. We must assume that we have designed our model using Key Value and Lookup tables. The detail part of the model (eg. Income and Expenses over a number of years) must contain no values in the cells – only references to cells in the Key values and Lookup tables.

4. What-If? Scenarios Using Combo Boxes We can put a combo box on a key value cell so that we can choose the cells contents from a list of possible values.

5. What-If? Scenarios Creating a Combo Box 1.In a different part of your spreadsheet create the list of values you want to appear in the combo box. 2.Select the cell where you want your combo box to go 3.Data, Data Tools, Data Validation, Data Validation, Settings 1.Select List in the Allow box 2.Click in the Source box. Highlight your list of values. OK.

6. What-If? Scenarios Goal Seek Details for doing a Goal Seek are on p. 40 of the Subject Learning Guide. I will demonstrate a Goal Seek during the lecture.

7. Presenting Excel Output in a Business Report Commonly a spreadsheet or part of a spreadsheet needs to become part of a business report in Microsoft Word. The process for this is described on p. 42 of the Subject Learning Guide and will be demonstrated in the Lecture.