Ans. (a) Consolidate function: Consolidate function used to combine information from multiple sheets of the spreadsheet into one place to summarize the information.
(b) What-if analysis: What-if analysis tool is a planning tool for what-if questions. In this, the output is not shown in the same cells, whereas it uses a drop-down list to display the output depending upon the input.
(c) Goal seek: Goal Seek in LibreOffice Calc is a feature that helps to find the right input value for a formula to achieve the desired result. In other words we can say that it helps in finding out the input for the specific output.
Q2. Give one point of difference between
(a) Subtotal and What-if (b) What-if scenario and What-if tool
Ans. (a) What-If Analysis: This feature is used to explore and compare various outcomes based on changing conditions. It’s particularly useful for financial modeling and forecasting.
The Subtotal tool in Calc creates the group automatically and applies common functions like sum, average on the grouped data.
(b) What-if Scenario: This refers to a set of values used to explore and compare various alternatives based on changing conditions. It allows you to create different scenarios on the same sheet, each with some different values.
What-if tool: This tool is a planning tool for what-if questions. In this, the output is not shown in the same cells, whereas it uses a drop-down list to display the output depending upon the input.
Q3. Give any two advantages of data analysis tools.
Data analysis is very useful in the beginning of any project to optimize the output.
Data analysis is used to predict the output while changing the inputs which reflects the output and thus one can choose the best plan of action based on it.
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Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers
Analyse data using Scenarios and Goal Seek Question Answers