An optimization problem is one where you have to make the best decision (choose the best investments, minimize your company’s costs, find the class schedule with the fewest morning classes, or so on).

Excel is incredibly powerful when your data is complete, but what happens when you need to solve for unknown variables? Enter Goal Seek and the Solver add-in, two tools that let Excel do the heavy ...

Microsoft Excel is a great Office application from Microsoft and it does not need any introduction. It helps every one of us, in many ways by making our tasks simpler. In this post we will see how to ...

Stratified mean-per-unit sampling is a key tool used by auditors. The popularity of this statistical procedure arises from its unique ability to produce trustworthy ...

What-if analysis in Excel is a powerful tool that allows you to explore different scenarios and outcomes by changing input values in your formulas. This guide will walk you through the three primary ...

The Solver add-in for Microsoft Excel is one of the most important, so we can understand the frustrations when users cannot get it to work as they hope. In older versions of Excel, folks had to ...

You've probably heard of Microsoft Excel. The Microsoft Office staple is a software tool primarily used to assemble spreadsheets, pivot tables, and data analysis. The ...

Modern measurement techniques allow researchers to gather ever more data in less time. In many cases, however, the primary or raw data have to be further analyzed, be it for the verification of a ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Suzanne is a content marketer, writer, and fact-checker. She ...