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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 the IF function?

One of the most used Exceel functions, the IF function enables you to compare values logically to what you anticipate. Therefore, there are two outcomes that can come from an IF statement. If your comparison is True, the first outcome will be true; if it is False, the second outcome will be true.

There are three elements (arguments) to the syntax of the IF function, one of the logical functions in Microsooft Exceel:

  • logical test: EVALUATE something, such as the contents of a cell.
  • Value if True: Describe the desired outcome in the event that the test result is TRUE.
  • value if false: Define the action to be taken in the event that the test result is FALSE.

To learn more about an IF function, use the link given
https://brainly.com/question/20497277
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