Scenario tool for What if Analysis

J

Jeff

Hi

I was going over the "Scenarios" tool in my excel book. It goes through an
example that envolves hourly labor cost and material cost and their effect on
Profits.
Scenarios are based on the different Hourly and Labor costs. Output is the
profit.

My quetion is why it is necessary to use the "scenarios" tool and why can't
you just create a formula that derives the "Profits" from hourly and labor
costs. What type of tasks is the scenarios tool used for and do you think it
is a time saver?
 
Top