Question

……………………………… is used to set a goal to find the optimum value for one or
more target variables, given with the certain conditions. ok​

Answer 1

Explanation:

Optimization Analysis is a more complex extension of goal-seeking analysis. Instead of setting a specific target value for a variable, the goal is to find the optimum value for one or more target variables, given certain constraints.

Answer 2

Optimization analysis is used to set a goal to find the optimum value for one or more target variables, given with the certain conditions.

• It is an extension of goal-seeking analysis, which is the capacity to work backwards to identify an input that would result in a particular output in computers.
• What-if analysis and back-solving are additional terms for this procedure.
• It can be attempted through logical approaches or trial and error.
• The majority of modern spreadsheet programmes, including Microsoft Excel, have a basic capability for goal-seeking.
• Goal-seeking analysis, according to O'Brien and Marakas, is a more complex version of optimization analysis.
• Instead of setting a fixed target value for each variable, the goal is to find the optimal value for one or more target variables, given specific constraints.
• After that, one or more other variables are often changed while according to the instructions provided until you find the target variables' optimal values.
• One or more other variables are often changed while sticking to the provided restrictions until the target variables' proper values are identified.

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