How to Use Goal Seek to Find an Input Value (3 Easy Examples)

What Is Goal Seek?

Excel has a tool called Goal Seek that can help you figure out how to reach a specific number.

Let’s say you want to get an A in your class. You know what grade you need overall, but you don’t know what score you need on the next test. Goal Seek can tell you the score you need to get that A. Basically, it helps you work backward to find the missing number.


Example 1 – Use of Goal Seek to Find Grades

Steps:

  • Arrange your dataset.

Dataset to Use Goal Seek to Find an Input Value in Excel

  • Enter the following formula in cell C9.
=AVERAGE(C5:C8)

Insert Formula to Use Goal Seek to Find an Input Value in Excel

  • You will get the result for this cell.

  • Go to Data > Forecast > What-If Analysis > Goal Seek options.

Opening Goal seek Window to Use Goal Seek to Find an Input Value in Excel

  • Select the cell you want to change in the Set cell option.
  • In By changing cell, click the cell you want to use for the change.
  • In the To value option, enter the value.
  • Press OK.

Using Goal Seek window to Use Goal Seek to Find an Input Value in Excel

  • It will output the grades required to give you the desired final grade.

Read More: How to Do What-If Analysis Using Goal Seek in Excel


Example 2 – Using Goal Seek to Find Monthly Payment

Steps:

  • Arrange a dataset like the image below.

Dataset to Use Goal Seek to Find an Input Value in Excel

  • Enter the following formula in cell C7.
=PMT(C4/12,C5*12,C6)

Insert Formula to Use Goal Seek to Find an Input Value in Excel

  • You will get the result for this cell.

  • Go to Data > Forecast > What-If Analysis > Goal Seek options.

  • Select the cell you want to change in the Set cell option.
  • In By changing cell, click the cell you want to use for the change.
  • In the To value option, enter the value.
  • Press OK.

using goal seek dialog box to Use Goal Seek to Find an Input Value in Excel

  • You will get the desired result.


Example 3 – Applying Goal Seek to Find Approximate Solutions

Steps:

  • Arrange your dataset.

  • Enter the following formula in cell C4.
=B4^2

  • You will get the result for this cell.

  • Go to Data > Forecast > What-If Analysis > Goal Seek
  • Select the cell you want to change in the Set cell option.
  • In By changing cell, click the cell you want to use for the change.
  • In the To value option, enter the value.
  • Press OK.

  • You will get the result for this cell.

  • Follow the same steps for the remaining cells.

  • Go to File > Options to open the Excel Options
  • Go to Formulas and select the desired range at the Maximum Change option, and press OK.

  • You will get the desired result.

Read More: How to Automate Goal Seek in Excel


Download Practice Workbook


Related Article


<< Go Back to Goal Seek in Excel | What-If Analysis in Excel | Learn Excel

Get FREE Advanced Excel Exercises with Solutions!
Taryn Nefdt
Taryn Nefdt

Taryn is a Microsoft Certified Professional, who has used Office Applications such as Excel and Access extensively, in her interdisciplinary academic career and work experience. She has a background in biochemistry, Geographical Information Systems (GIS), and biofuels. She enjoys showcasing the functionality of Excel in various disciplines. She has over ten years of experience using Excel and Access to create advanced integrated solutions.

We will be happy to hear your thoughts

Leave a reply

Advanced Excel Exercises with Solutions PDF

 

 

ExcelDemy
Logo