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Using the what-if function in Excel to make a decision is considered a type of forecast and scenario model
What is excel?
Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android, and iOS. This includes calculations or calculators, graphics tools, pivot tables, and a macro programming language called Visual Basic for Applications (VBA). Excel is part of the Microsoft Office software suite.
Microsoft Excel has all the basic functionality of a spreadsheet, using a grid of cells arranged in numbered rows and columns of letter names to organize data manipulations such as arithmetic operations. It has a variety of features to meet your statistical, technical, and financial needs. In addition, data can be displayed as line charts, histograms, graphs, and in a very limited three-dimensional graphical display.
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