excel chapter 6 terms

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Add-in

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16 Terms

1

Add-in

A program that can be added to Excel to provide enhanced functionality.

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2

Binding constraint

A constraint that solver enforces to reach the target value.

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3

Changing variable cell

A cell containing a variable whose value changes until solver optimizes the value in the objective cell.

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4

Constraint

A limitation that imposes restrictions on a spreadsheet model as solver determines the optimum value for the objective

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5

Goal seek

A tool that identifies the necessary input value to obtain a desired goal.

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6

Nonbinding constraint

A constraint that does not restrict the target value that solver finds.

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7

Objective cell

The cell that contains the formula-based value that you want to maximize, minimize, or set to a value in solver.

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8

One-variable data table

A data analysis tool that provides various results based on changing one variable.

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9

Optimization model

A model that finds the highest, lowest, or exact value for one particular result by adjusting values for selected variables.

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10

Scenario

A set of values that represent a possible situation.

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11

Scenario Manager

A tool that enables you to define and manage scenarios to compare how they affect results.

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12

Scenario summary report

A worksheet that contains the scenarios, their input values, and their respective results from using scenario Manager.

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13

Solver

An add-in application that manipulates variables based on constraints to find the optimal solution to a problem.

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14

Substitution value

A value that replaces the original value of a variable in a data table.

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15

Two-variable data table

A data analysis tool that provides results based on changing two variables.

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16

Variable

A value that you can change to see how that change affects other values.

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