Question

What is goal seek? Explain with example​

Answer 1

Answer:

Goal seeking is a general term used to describe the process involved in figuring out your input value based on an already known output value.

Example Suppose a family wanted to take out the biggest loan that they could afford to pay for. If they set aside $500 a month, the goal-seeking program would try to work out how big a loan the family could afford to take out.

Explanation:

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Answer 2

Goal seek is a process of calculating a value by what if Analysis on a given set of values.for our purposes, Excel's Goal seek features let's you adjust a value used in a formula to achieve a specific goal. ... calculating terms of a loan is a good Example of a what- if situation