(a) Discuss why What-if analysis plays an important role in modelling process. (b) A Projected Income of...
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Question:
(a) Discuss why ‘What-if analysis’ plays an important role in modelling process.
(b) A Projected Income of Sam Sweet is in the excel file “Q3 data - Income Statement of Sam Sweet.xlsx”. Perform three what-if analyses: scenarios, data tables, and Goal Seek.
For each of the three analyze,
• Clearly identify the input/changing and output variables
• Insert the corresponding screenshot for the result of the analysis
• Briefly interpret the results
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