`
`A Bit of
`Background
`
`very book has to start somewhere. This chapter starts
`from square one by Introducing you to the concept of a
`spreadsheet. Also included is a lot of interesting background
`information about Excel and Windows.
`
`What Is Excel?
`pec at.Scat Excel is one of ianarat spreadsheet
`
`products that you can run on your PC. Others include 1-2-3
`and Quattro Pro,
`
`A spreadsheet (including Excel) is a highly interactive
`computer program that consists of a collection of rows and
`columns displayed onscreen in a scrollable window. The
`Intersection of each row and column is called a cell, which
`an hold a number, a text string, or a formula that performs
`a calculation by using one or more other cells. Copying and
`moninisose ant modifying formulas is easy with a
`
`T hope to explain why in this book.
`
`4 spreadsheet can be saved inafile for later use or discarded
`after It has served its Intended purpose. The cells Ina
`spreadsheet can be formatted in varlous ways and printed for
`ard-copy reference. In addition, groups of numerical cells can
`be used ta generate charts and maps.
`
`The most significant advantage of an electronic spreadsheet ls
`at the formulas recalculate their results if you change any of
`the cells that they use. As a result. after you set up your
`spreadsheet by defining formulas, you can use this “model” to
`explore different possibilities, with very little additional effort,
`lis currently the best-selling Windows spreadsheet—and
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` aathe ras ry a]
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`Figure 1-2: The Office Assistant pops up to provide help when needed.
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`Built-in Functions
`Excel includes an enormous collection of built-in functions that you can use in your
`formulas. In addition to common functions, such as 3UM and AVERAGE, you can
`choose functions that perfarm sophisticated operations that otherwiseare difficult
`or impossible to da. For example, the CORREL function caleulates the correlation
`coefficient for two sets of data. You also can develop other functions by using the
`VBA macro language(it's not as difficult as you may think).
`
`Customizable Toolbars
`Excel's toolbars— groups of buttons representing commands —are real time-savers,
`enabling you to perform common commands without using the menu. You can
`customize your toolbars by adding buttons for tasks that you do mostoften. Tofind
`out what a button does, drag the mouse over a toolbar button and pause for a
`second. Excel pops up a briei description of the button.
`
`Beginning with Excel 97, the menu bar at the top of the screen is actually a toolbar.
`As such, you can easily customize tt or even move it to a different location on the
`screen.
`
`Flexible Text Handling
`Although Excel's forte is number crunching,it’s not too shabby at handling text.
`You can format or orlent text that you putin cells. You also can insert text boxes
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`(which you can move and resize) anywhere on your worksheet.
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`Excel is the only spreadsheet that enables you easily to format individual
`characters within a cell, For examole,if a cell contains text, you can make one letter
`bold or a different color.
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`Great Charts
`Excel's charting features —among the best available in any spreadsheet— enable
`you to modify and augment a wide assortmentof graph types. You can Insert a
`chart anywhere in a worksheet or place It on a special chart sheet.
`
`Integrated Mapping
`Excel's mapping feature lets you display your data in the form of a geographic map
`(see Figure 1-2). For example, you can easily create an attractive map that shows
`your company's salea volume by state.
`
`Figure 1-3: This map was generated with only a few mouse clicks.
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`1 hasbeen
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`Drawing Tools
`Exeel includes an excellent set of drawing tools that enables you to create
`attractive dlagrams and basic drawings directly on your worksheet or chart. For
`example, you can include a simple flow diagram along with your numerical analysis.
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`Li
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`gram — including Excel —\s that you can use formulas
`<9 create dynamic modelsthatinstantly recalculate when you
`change values in cells to which the formulas refer. When you
`change values in cells in a systematic manner and observethe
`effects on specific formula cells, you're performing a type of
`what-if analysis. What-if analysis is the process of asking ques-
`tions such as, “Whatif the interest rate on the loan changes to
`3.5 rather than 9.0 percent?” or “Whatif we raise the prices of
`our products by 5 percent?"
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`Performing
`oF readsheet
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`at-If Analysis
` O- ofthe most appealingaspects of a spreadsheet pro-
`
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`Stdestataayea
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`seeeeerie
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`# you set up your spreadsheet properly, answering such ques-
`tions is a matter of plugging in new values and observing the
`
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`_
`results of the recalculation. Excel provides useful tools to
`
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`assist you in your what-if endeavors.
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`
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`4 What-if Example
`
`Figure 26-1 shows a spreadsheet that calculates information
`| pertaining to a mortgage loan. The worksheetis divided into
`two sections: the input cells and the result cells. Column D
`shows the formulas stored in column C.
`
`-
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`With this worksheet, you can easily answer thefollowing
`|
`- what-if questions:
`
`+ What ifI can negotiate a lower purchase price on the
`property?
`Whatif the lender requires a 20-percent down payment?
`+ Whatif] can get a 40-year mortgage?
`+ Whatif the Interest rate decreases to 7.5 percent?
`
`BE |
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`Tarye)
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`+
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`+¢ + +
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`In This Chapter |
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`_ A WheExample
`
`:
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`Macro-Assisted
`WholAnalysis
`Creating Dato Tables
`Using ‘Scenario
`Manager
`ScenarioManager
`__ Limitations
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`+ + + +
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`H m ‘"’) Most ofths major Windows appliations supportOLE. Youcan embed an object ip
`
`inf
`an objectirom another
`It: The OLE objects can
`+ Textdocuments from otherproducts' such as wort processors
`:
`- . * Dravings orpictures from dher products
`»)* Infomation from special OIE server Applications, sich as Microsoft Equatse a
`“ * Sour files
`* Vides or animationfiles
`
`your docunentin either:of two ways:
`
`:
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`
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`Paste type
`Microseft Excel
`WorksheetObject
`Formatied Text
`(RTF)
`Unformatted Text
`
`Picture
`
`z
`:
`A linked‘object thatincludesthe Excelformatting. Double-click &
`Ls
`object afterpastingittoeditthesoyrcedata in Excel.
`A Wordtable that is formatted as the criginal Excel range. Changes in
`the source we reflected automatically,
`Text (nota table)that corresponds to Word's Normalstyle.
`Forma
`from Excel isnot transferred. Changes i the source ate reflected
`automatically.
`;
`3
`A picture obpctthat retaihs the formatingfrom Excel; Changes inthe
`*
`ae
`1
`a
`a
`source are tdlectedautorfiatically. This usually produces better reais
`than the Bitnap option. Double-click the object after pastingit to sc
`the source dea in Excel, i
`A bitmap obpct thatretaingthe formatting from Excel, Changes
`int
`Source are rdlected automatically. Double-click theobject after
`pax
`it to edit the source data in Excel,
`=
`i
`A table that isformatted as the original txcel range. Use this forma
`when you exrect to publishthe documet as a Web page,
`
`i
`
`mbedding Objects
`
`: E
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`