Wednesday, 7 October 2009

Analysis ToolPak and Solver in Excel 2007

Analysis ToolPak

First things first, let MOB == "Microsoft Office Button" which is the big round button at the top left of the window.

To load Analysis ToolPak in Excel 2007:

1. Click MOB. Hit "i" to enter "Excel Options". (Alternatively: Alt-F-i will get you there).

2. Click add-ins. Add the AnalysisTP and TP-VBA add-ins.

Once Analysis ToolPak (ATP) is loaded it appears as "Data Analysis" icon in Data menu.

Solver

Step 1: Make sure this add-in is installed.

How does Solver work?

Specify: Set target cell [cell which contains formula], By Changing Cells [cells containing inputs], Subject to constraints e.g. $B$5$ <= 5.

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