Scenarios come under the heading of “What-If Analysis” in Excel. They are similar to tables in that you are changing values to get new results. For example, What if I reduce the amount I’m spending on food? How much will I have left then? Scenarios can be saved, so that you can apply them with a quick click of the mouse.
An example of a scenario you might want to create is a family budget. You can then make changes to individual amounts, like food, clothes, or fuel, and see how these changes effect your overall budget.
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