Using the what-if function in Excel to make a decision is considered a type of decision support system.
For, this type of system uses analytics techniques such as data mining and predictive analytics to help decision makers identify trends and correlations in their data that they can use to make better decisions.
The What-If function in Excel is a powerful tool that lets you analyze the impact of changing variables in a formula. It allows you to input different values for variables in a formula and see the results for each different set of values.
This is useful for analyzing a variety of scenarios and predicting the effects of changes, helping them make better choices for their business.
Learn more about the What-If function in Excel:
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