(Older versions worked with Excel 2003, but we don’t test this any more.) On Mac OS X, it should work using Excel for Mac 2011 with any version of OS X newer than 10.7. On Windows, OpenSolver should work with Excel 2007 and later we test it on 32 and 64 bit Windows 7/10 in Excel 2010/2013/2016. Both versions are available for Mac and Windows.
OpenSolver comes in two versions, a simpler “linear” version and an “advanced” (non-linear) version with support for more solvers, including non-linear solvers. You can also use the built-in update checker to keep up-to-date with the latest release. Please check out the blog page for release details. OpenSolver is updated whenever new features are added or bugs fixed. Please let us know if they are any issues or problems that you have encountered by commenting on the bottom of the OpenSolver 2.9.4 post. Free feel to read the release notes for the changes and new features added. Here we discuss how to use the Excel Data Analysis Tool along with excel examples and a downloadable excel template.Analytics is a free online magazine covering the wider world of optimisation and data analysis.ġ5-January-2021: We have recently released the beta version of OpenSolver 2.9.4. This has been a guide to Data Analysis Tool in Excel. Analysis tool pack is available under VBA too.We can add Excel Add-in as a data analysis tool pack.We have many other analysis tests like Regression, F-test, ANOVA, Correlation, Descriptive techniques.In this way, we can do the analyze the data. To make a profit of 30000 I need to sell the products at 11 per unit instead of 10 per unit. Ok, excel SOLVER solved the problem for me. Since I don’t have any other special criteria to test, I am clicking on the SOLVE button. Step 2: Set the objective cell as B7 and the value of 30000 and by changing the cell to B2.
SOLVER will help me to solve this problem. As of now, I don’t know how much units price I have to increase. The total cost is 52500, and the total profit is 23000.Īs a proprietor, I want to earn a profit of 30000 by increasing the unit price. Units sold quantity is 7550 at a selling price of 10 per unit. I have data of product units, unit price, total cost, and the total profit.
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