| {"video_id": "-0D_9JsSMBc", "title": "Goal Seek in Excel - 2 Methods - Automated and By Hand", "category": "excel", "channel": "TeachExcel", "total_segments": 68, "window_seconds": 10, "timing": {"audio_s": 2.3, "whisper_s": 23.5, "llm_s": 116.5, "total_s": 144.1}, "segments": [{"start": 0.0, "end": 10.0, "text": "Here I'll show you how to use Goal Seek in Excel in order to find a desired value based off of changing an input So you change the value of one cell so", "word_count": 33, "description": "Introducing how to use Goal Seek in Excel to find a desired value by changing a single input cell"}, {"start": 10.0, "end": 20.0, "text": "much that you find the correct result in another cell basically And I'll show you two ways to do this one with the built in feature in Excel and one way to", "word_count": 32, "description": "Explaining two methods: using Excel's built-in Goal Seek and performing the calculation manually"}, {"start": 20.0, "end": 30.0, "text": "do it by hand So breaking all of this down into a nice neat simple little formula that we can use down here Before we start check the video description and click the", "word_count": 33, "description": "Describing breaking the Goal Seek process into a simple formula for the manual method"}, {"start": 30.0, "end": 40.0, "text": "link to Teach Excel so you can download the files for the tutorial and follow along And make sure to subscribe and accept notifications so you can see all the new tutorials", "word_count": 32, "description": "NO_TASK"}, {"start": 40.0, "end": 50.0, "text": "Alright so in this example what I've got is a simple stock calculation Let's say that you paid 45 50 for a stock you bought 125 shares", "word_count": 27, "description": "Presenting a stock calculation example with purchase price and share quantity in the spreadsheet"}, {"start": 50.0, "end": 60.0, "text": "you paid this amount total 56 87 50 The current price is 47 55 You decided you wanted to calculate the percent change 4", "word_count": 24, "description": "Showing the current price and percent-change calculation for the stock"}, {"start": 60.0, "end": 70.0, "text": "51 And if you sold it at the current price this is how much money you'd make and this is the gain over what you paid for the", "word_count": 28, "description": "Displaying proceeds and gain calculations for selling at the current price"}, {"start": 70.0, "end": 80.0, "text": "stock So let's say here you want to figure out what the share price should be in order for you to make a 500 profit This is the perfect reason", "word_count": 30, "description": "Stating the goal: finding the share price that yields a $500 profit"}, {"start": 80.0, "end": 90.0, "text": "to use Goal Seek So we go to the Data tab then we go to What If Analysis and Goal Seek Also you could use the", "word_count": 26, "description": "Navigating to Data tab, opening What-If Analysis, and selecting Goal Seek"}, {"start": 90.0, "end": 100.0, "text": "keyboard shortcut Alt A W G but I never remember that So anyway let's go back to this window We have a few options here and it's", "word_count": 27, "description": "Displaying the Goal Seek dialog and its available options"}, {"start": 100.0, "end": 110.0, "text": "pretty self explanatory so it's kind of difficult to forget I'd say You set a cell to a certain value by changing another cell", "word_count": 24, "description": "Explaining Goal Seek's \"Set Cell\" and \"By Changing Cell\" configuration"}, {"start": 110.0, "end": 120.0, "text": "So we're going to set cell B10 so just click in here and then click the correct cell to the value", "word_count": 21, "description": "Selecting cell B10 as the \"Set Cell\" in the Goal Seek dialog"}, {"start": 120.0, "end": 130.0, "text": "500 because that's how much I want to make by changing what cell So here we're going to change the current price", "word_count": 22, "description": "Entering target value 500 and selecting the current price cell as the \"By Changing Cell\""}, {"start": 130.0, "end": 140.0, "text": "Then we hit OK It's going to run through a bunch of iterations and it says Goal Seeking with cell B10 on iteration number 1", "word_count": 25, "description": "Running Goal Seek (clicking OK) and observing the iteration progress"}, {"start": 140.0, "end": 150.0, "text": "target value 500 current value 315 69 And what we can do is look here and it has already done that for us It says the current price should be", "word_count": 30, "description": "Viewing Goal Seek's result showing the adjusted current price (about $49.50) to reach $500"}, {"start": 150.0, "end": 160.0, "text": "49 50 and it will get us 500 So you can hit OK to accept the current values or Cancel to reset it So OK", "word_count": 25, "description": "Accepting the Goal Seek solution by clicking OK to apply the adjusted price"}, {"start": 160.0, "end": 170.0, "text": "and now you've figured out what you need to figure out Simple easy peasy And really the only thing to remember here is that the", "word_count": 25, "description": "Explaining that the \"By Changing Cell\" must affect the target cell for Goal Seek to work"}, {"start": 170.0, "end": 180.0, "text": "cell that you will be changing must affect the cell down here whose result you would like to see So in other words", "word_count": 23, "description": "Reiterating that cells must be linked\u2014changing the input must influence the target formula"}, {"start": 180.0, "end": 190.0, "text": "if I change this cell and this cell doesn't change at all then it's not going to work in Goal Seek So you can see here that this formula applies to this cell and", "word_count": 34, "description": "Highlighting the spreadsheet formulas that link the input cell to the target cell"}, {"start": 190.0, "end": 200.0, "text": "this cell And this cell right here applies to this cell So everything has to be linked And when you download this workbook you'll see", "word_count": 25, "description": "Pointing out the chain of formulas that link the cells in the workbook"}, {"start": 200.0, "end": 210.0, "text": "all the formulas in here Very basic simple easy formulas But now let's do it by hand So let's say that we want to just input how", "word_count": 27, "description": "Switching to the manual method to calculate the required sell price from a desired profit"}, {"start": 210.0, "end": 220.0, "text": "much we would like to make and have it automatically tell us at which price we should sell the stock And all we need for this is a simple formula But we have", "word_count": 33, "description": "Describing entering a desired profit to compute the required sell price using a derived formula"}, {"start": 220.0, "end": 230.0, "text": "to figure out what that formula is And if you haven't done math for a long time this can seem a little daunting but it's not Let's go through a little process right now to show you how to do it So first figure out", "word_count": 45, "description": "Starting to derive the formula, beginning by specifying the desired dollar profit"}, {"start": 230.0, "end": 240.0, "text": "what you want You want a dollar desired how much money you want to make So we want this right here I want to make 500 So what we're going", "word_count": 30, "description": "Entering the desired profit value (500) into the designated cell"}, {"start": 240.0, "end": 250.0, "text": "to do is we're going to take this so leave this intact Let's go over here and let's just title", "word_count": 20, "description": "Creating a \"Scratch Data\" area and preparing cells for formula breakdown"}, {"start": 250.0, "end": 260.0, "text": "this Scratch Data Go over here paste that in Okay this is what", "word_count": 13, "description": "Pasting the copied values into the Scratch Data area"}, {"start": 260.0, "end": 270.0, "text": "we want And remember this is a formula So right now it equals 500 What that means is that 500 equals B9", "word_count": 22, "description": "Explaining that the desired 500 equals the output formula (B9 minus B4)"}, {"start": 270.0, "end": 280.0, "text": "minus B4 But B9 and B4 are themselves formulas So let's break this down into its individual parts", "word_count": 18, "description": "Breaking down B9 and B4 into their underlying component formulas"}, {"start": 280.0, "end": 290.0, "text": "instead of just these sort of obfuscated higher level cells which means the formulas have already been calculated in those cells So let's go ahead", "word_count": 25, "description": "Explaining converting higher-level formula cells to text to expose underlying formulas"}, {"start": 290.0, "end": 300.0, "text": "and make this guy text And we want to copy this up here", "word_count": 13, "description": "Converting the cell to text, then copying its formula content to the scratch area"}, {"start": 300.0, "end": 310.0, "text": "And now let's recreate the formula So we want to get the values for B9 first Okay here's B9", "word_count": 19, "description": "Retrieving B9's formula to start recreating the full expression"}, {"start": 310.0, "end": 320.0, "text": "Copy that in there equals And it's always good to be liberal with your parentheses So it was B9 minus", "word_count": 20, "description": "Pasting B9's formula and beginning the expression, adding parentheses"}, {"start": 320.0, "end": 330.0, "text": "Let's see what were you I can't see you B4 So let's get B4", "word_count": 14, "description": "Selecting and inserting B4's formula into the expression"}, {"start": 330.0, "end": 340.0, "text": "Minus B4 Okay Now let's make sure", "word_count": 7, "description": "Completing the (B9 - B4) expression by inserting the B4 component"}, {"start": 340.0, "end": 350.0, "text": "there are no formulas in these guys So we need B6 B3 and B2 So B6 just numbers B3", "word_count": 19, "description": "Inspecting referenced cells B6, B3, and B2 to confirm they contain values (no formulas)"}, {"start": 350.0, "end": 360.0, "text": "and B2 So we have no more formulas to drill down into So let's copy this guy", "word_count": 17, "description": "Copying the fully expanded formula into the Scratch Data area"}, {"start": 360.0, "end": 370.0, "text": "Go up here make sure you are text So we can see everything Paste it in there And now we", "word_count": 20, "description": "Pasting the expanded formula as text into the Scratch Data area for visibility"}, {"start": 370.0, "end": 380.0, "text": "have a formula that we can work with And remember that this equals 500 So we can write it like this just like you did in", "word_count": 26, "description": "Writing the equation 500 = B6*B3 - B3*B2 to represent the relationship"}, {"start": 380.0, "end": 390.0, "text": "grade school math So 500 equals B6 times B3 minus B3 times B2 Now what do", "word_count": 16, "description": "Reiterating the arithmetic form: 500 equals B6\u00d7B3 minus B3\u00d7B2"}, {"start": 390.0, "end": 400.0, "text": "we want to do here We want to find out what the price per share should be So we want to isolate the price per share by itself on", "word_count": 29, "description": "Planning to algebraically isolate the price-per-share variable from the equation to solve for it"}, {"start": 400.0, "end": 410.0, "text": "one side of the equal sign The price per share the current price right here is B6 So we need to get B6 all alone", "word_count": 25, "description": "Identifying B6 as the price-per-share cell to isolate it so the price is all alone"}, {"start": 410.0, "end": 420.0, "text": "over here All we have to do is some simple math for that Remember that everything to the right of the equal sign can be moved to the left of it as", "word_count": 32, "description": "Explaining moving terms across the equals sign as algebraic rearrangement to isolate B6"}, {"start": 420.0, "end": 430.0, "text": "long as we do the opposite So we can build our formula down here Equals 500 I now want to pull this whole thing to", "word_count": 25, "description": "Entering '=500' into a separate cell to begin rebuilding the formula and isolate B6"}, {"start": 430.0, "end": 440.0, "text": "the left of the equal sign So I do the opposite I add it So plus B3 times B2", "word_count": 19, "description": "Editing the formula to add '+B3*B2' so the term is moved left to isolate B6"}, {"start": 440.0, "end": 450.0, "text": "Okay and now I cannot see it Maybe you should put one extra cell in between the two So we have added this guy over to the left side And", "word_count": 30, "description": "Inserting an extra cell between formulas to separate them for visibility after moving the term left"}, {"start": 450.0, "end": 460.0, "text": "now since we need B6 all by itself we must remove B3 So to remove B3 since it's being multiplied we divide the left side by B3", "word_count": 27, "description": "Editing the formula to divide the left side by B3 to undo multiplication and isolate B6"}, {"start": 460.0, "end": 470.0, "text": "So let's put some more parentheses Divide it by", "word_count": 9, "description": "Adding parentheses around the expression to ensure correct order before dividing by B3"}, {"start": 470.0, "end": 480.0, "text": "B3 Hit Enter and we get 49 50 So what does 49 50 mean 49 50 is", "word_count": 17, "description": "Pressing Enter to calculate the formula, producing 49.50 as the required share price"}, {"start": 480.0, "end": 490.0, "text": "the share price that we need in order to get 500 So all we have to do now and that's how you can make sure it works by the way because this is already", "word_count": 34, "description": "Interpreting the computed 49.50 as the share price needed to achieve $500, confirming the calculation"}, {"start": 490.0, "end": 500.0, "text": "correct due to using Goal Seek So I know that I need 49 50 to get 500 And now that that's 49 50 I know I've done everything right So let's just take this", "word_count": 34, "description": "Confirming Goal Seek's 49.50 result as correct before relocating the value in the worksheet"}, {"start": 500.0, "end": 510.0, "text": "guy and put him down here And then what we want to do is to remove the 500 and put it", "word_count": 21, "description": "Copying the 49.50 result into another cell and preparing to move the 500 target value"}, {"start": 510.0, "end": 520.0, "text": "one cell above So B13 500 49", "word_count": 7, "description": "Moving the $500 target into the cell above the computed price (placing 500 in B13 above 49.50)"}, {"start": 520.0, "end": 530.0, "text": "50 And that's all there is to doing a Goal Seek by hand in a way because now you don't have to open up that little window and redo everything each time You just", "word_count": 34, "description": "Explaining that the worksheet setup is serving as a manual Goal Seek alternative so you don't need the dialog each time"}, {"start": 530.0, "end": 540.0, "text": "go down here and you say how much money would I like to make How about 550 So I should wait until it goes to 49 90 to sell my shares Or", "word_count": 32, "description": "Changing the hard-coded target from 500 to 550 to compute the new required share price (49.90)"}, {"start": 540.0, "end": 550.0, "text": "what if I only had 120 shares Then I need to wait to make 550 until it's 50 08", "word_count": 19, "description": "Changing the shares-held cell to 120 to recalculate the price needed to reach $550 (now 50.08)"}, {"start": 550.0, "end": 560.0, "text": "So what I want you to get from the second part is the method that I used So I took the end result a very simple formula by this point", "word_count": 30, "description": "NO_TASK"}, {"start": 560.0, "end": 570.0, "text": "I brought it out over here so I could keep it separate from everything And then I started to rebuild the formula adding all of its parts together since it's currently now in", "word_count": 33, "description": "Separating the final formula into its own cells and rebuilding it step-by-step to isolate and hard-code components for clarity"}, {"start": 570.0, "end": 580.0, "text": "separate cells Going all the way down and then using it up here as a reference going all the way down until we get to the hard coded value so there's no more formulas", "word_count": 34, "description": "Referencing the stepwise breakdown cells in the main formula, then replacing intermediate formulas with hard-coded values to finalize"}, {"start": 580.0, "end": 590.0, "text": "Now technically I didn't need to go that far because I could have just used this cell reference right here and put it on the other side instead of having two cell references But trust me", "word_count": 36, "description": "NO_TASK"}, {"start": 590.0, "end": 600.0, "text": "when I tell you it's easier break it down into its hard coded values as much as you need to and go from there And then in each step just put what you need up here and", "word_count": 37, "description": "Advising breaking the formula into hard-coded intermediate cells and rebuilding stepwise because it's easier"}, {"start": 600.0, "end": 610.0, "text": "finish building it below down here It's a very simple way The only thing you have to remember when you go about doing this is really right here So the end result in this", "word_count": 34, "description": "NO_TASK"}, {"start": 610.0, "end": 620.0, "text": "case of 500 is equal to this formula And remember from math that to pull everything to the left side you just do the opposite And all you want here on the right side", "word_count": 34, "description": "NO_TASK"}, {"start": 620.0, "end": 630.0, "text": "is the value the result that you would like to get by changing what is currently on the left side of the equal sign right here", "word_count": 26, "description": "Explaining that the right-side cell should contain the desired result and the left-side cell is what Goal Seek will change"}, {"start": 630.0, "end": 640.0, "text": "Okay that may sound confusing but just go through these steps here in this sample worksheet and I think it will help you kind of understand what's going on", "word_count": 29, "description": "NO_TASK"}, {"start": 640.0, "end": 650.0, "text": "But of course you can always revert back to Goal Seek Data tab What If Analysis Goal Seek So which cell would you like to", "word_count": 25, "description": "Navigating to Data > What-If Analysis > Goal Seek to open Excel's Goal Seek dialog instead of doing the manual method"}, {"start": 650.0, "end": 660.0, "text": "have end up at a certain value What value would you like it to end up at And which cell are you going to change to do that And", "word_count": 29, "description": "Explaining the Goal Seek dialog prompts: which cell to set, the target value, and which cell to change"}, {"start": 660.0, "end": 670.0, "text": "that's how you can use Goal Seek in Excel I hope you liked the tutorial If it was helpful don't forget to give it a thumbs up And make sure to subscribe and", "word_count": 33, "description": "NO_TASK"}, {"start": 670.0, "end": 672.7, "text": "accept notifications so you can see all the new tutorials", "word_count": 10, "description": "NO_TASK"}]} |
