In this article, we are going to explain how to create a one-variable data table in Excel. Data tables are important parts of the Excel What-If Analysis feature to perform the sensitivity analysis of a business model. So, try to get the concept well.

## Overview of Excel Data Table

In this article we are going to analyze one of the most lucrative features in Excel: it is the data table. We can think of a data table as a dynamic range of cells. This range of cells summarizes formula cells for varying input cells. Creating a data table is easy. Data tables have some limitations. In particular, a data table can handle only one or two input cells at a time. We shall make clear the limitations of data tables in this article and in our next article with practical examples.

**Note: **We can produce a report that summarizes any number of input cells and result cells using Scenario Manager.

You may confuse a data table with a standard table. We create a standard table by choosing this command: **Insert >>** **Tables >>** **Table**. These two tables are completely different. There is no relationship between these two tables.

## What Is One Way/Variable Data Table?

In a one-variable data table, we use a single cell as the input in the data table. The values of the input may change and for different values of the input, the data table will display different results. The following figure shows the general layout for a one-variable data table. We have to create this layout by ourselves, manually. Excel does not provide anything that will create this layout automatically.

## How to Create One Variable Data Table in Excel: 2 Examples

Here, we will show 2 different examples of creating one variable data table in Excel one with a function and another with a generic formula.

### Example 1: Applying Function to Create One Variable Data Table in Excel

In the first example, you will find a step-by-step way to create a one-variable data table in Excel with a function.

Here, we have a dataset containing the values of *Loan Amount, Loan Term,* and *Interest Rate (Months)*. Now, we will show you how to calculate the *Monthly Payment* using a function and then create a one variable data table in Excel.

__Step-01:__ Calculating Monthly Payment

Firstly, we will show you how you can calculate *Monthly Payment* in Excel using **the PMT function**. The **PMT **function is used to calculate the periodic payment with aÂ specific interest rate. Go through the steps given below to do it on your own dataset.

- In the beginning, select cell
**C9**. - Then, insert the following formula.

`=PMT(C8/12,C7,-C6)`

Here, in the **PMT **function, we inserted cell **C8 **as the rate and divided it by 12 (*1 year = 12 months*) as the equation is for monthly payment. Then, we inserted cell **C7 **as **nper **and the negative value of cell **C6 **as **pv**.

- After that, press
**ENTER**to get the value of the*Monthly Payment*.

__Step-02:__ Setting Up One Variable Data Table in Excel

Now, we will show you how we set up one variable data table for our dataset in Excel. The data table can be created anywhere in a worksheet.

- Â Firstly, we created the
*Interest Rate*column for the data table in column**E**with interest rates from 5.50% to 8.00%. These interest rates will create our data table using the What-If Analysis feature. - Then, we added the
*Monthly Payment*column for the data table in column**F**.

- Next, select cell
**F5**. - After that, insert the following formula.

`=C9`

Here, we inserted the value of cell **C9 **which represents the value of the *Monthly Payment* for a 5.25% interest rate in cell **F5**.

- Now, press
**ENTER**.

__Step-03:__ Using What-If Analysis Feature

In the final step, we will use the **What-If Analysis** feature to create a one-variable data table in Excel.

- In the beginning, select range
**E5:F16**. - Then, go to the
**Data**tab**>>**Click on**Forecast >>**Click on**What-If Analysis****>>**Select**Data Table**.

- Now, the
**Data Table**box will appear. - After that, insert cell
**C8**as the**Column input cell**. - Next, press
**OK**.

- Then, you will see that the
*Monthly Payments*have been automatically calculated using the function in cell**C9**with respect to the interest rate provided in column**E**.

- Thus, you can create a one-variable data table with a function in Excel.

**Read More:** How to Create One Variable Data Table Using What-If Analysis

### Example 2: Using Generic Formula to Create One Variable Data Table in Excel

In the second example, you will find a step-by-step way to create a one-variable data table in Excel with a generic formula.

Here, we have a dataset containing the *Sales* values of some *Products* and the value of *Efficiency level*. Now, we will show you how to calculate the *Revenue* using a generic formula and then create a one-variable data table in Excel.

__Step-01:__ Calculating Revenue

Firstly, we will show you how you can calculate *Revenue* in Excel. Please go through the steps given below to do it on your own dataset.

- In the beginning, select cell
**C12**. - Then, insert the following formula.

`=SUM(C6:C10)`

Here, by using **the SUM function**, we added the *Sales* values of the range **C6:C10**.

- After that, press
**ENTER**to get the value of*Total Sales*.

- Next, select cell
**C14**. - Then, insert the following formula.

`=C12*C13/100`

In the formula, we multiplied the value of cell **C12 **with the value of cell **C13**. Then, we divided it by 100.

- Finally, press
**ENTER**to get the value of*Revenue*.

__Step-02:__ Setting Up One Variable Data Table

Next, we will show how to set up one variable data table for our dataset in Excel.

- Â Firstly, we created the
*Efficiency level*column for the data table in column**E**with an efficiency level from 100% to 60%. These*Efficiency levels*will create our data table using the**What-If Analysis**feature. - Then, we added the
*Revenue*column for the data table in column**F**.

- Next, select cell
**F5**. - After that, insert the following formula.

`=C14`

Here, we inserted the value of cell **C14 **which represents the value of *Revenue* for an 80% *Efficiency level *in cell **F5**.

- Now, press
**ENTER**.

__Step-03:__ Using What-If Analysis Feature

In the final step, we will use the **What-If Analysis** feature to create a one-variable data table in Excel.

- In the beginning, select range
**E5:F14**. - Then, go to the
**Data**tab**>>**Click on**Forecast >>**Click on**What-If Analysis****>>**Select**Data Table**.

- The
**Data Table**box will appear. - After that, insert cell
**C13**as the**Column input cell**Â andÂ press**OK**.

- Then, you will see that the revenue has been automatically calculated using the generic formula in cell
**C14**with respect to the efficiency levels provided in column**E**.

- Thus, you can create a one-variable data table with generic formulas in Excel.

## Practice Section

In this section, we are giving you the dataset to practice on your own.

**Download Practice Workbook**

## Conclusion

In this article, you will find 2 examples to create a one-variable data table in Excel. Use any of these ways to accomplish the result in this regard. Hope you find this article helpful and informative. Feel free to comment if something seems difficult to understand. Let us know any other approaches which we might have missed here. And, visit our website for many more articles like this. Thank you!

Thanks for sharing, this is a fantastic blog post.Really looking forward to read more. Great.

Thanks a lot for your compliments, Raul. Glad to hear that the article came in handy for you

HOW ABOUT”PROBABILITY” FOR DOIN RACES (DOGS, HORSES,JAI ALAI) ANY INSIGHT AS HOW TO DO THIS WOULD BE GREATLY APPRECIATED. I AM NO COMPUTER GURU

Hi Gerald,

You can create certain data tables consisting of probability. Provide us with more details, we will be able to help with the detailed procedures.