**What Is Goal Seek in Excel?**

Goal Seek is a built-in tool in Excel that performs **What-If Analysis**. It helps you find the specific input value needed to achieve a desired output in a formula. Essentially, it back-solves the problem by iteratively adjusting guesses until it reaches the solution.

When using Goal Seek, youâ€™ll encounter three parameters:

**Set Cell (Compulsory):**Â This is the cell containing the formula whose value you want to change.**To Value (Compulsory):**Â The desired target value for the output.**By Changing Cell (Compulsory):**Â Goal Seek adjusts the value in this cell to achieve the desired output using the formula.

In the below overview image, we used $180,000 as the loan amount first and got a monthly payable value of $1822. Using the Goal Seek analysis, we have brought down this monthly payable amount to $1500, changing the loan amount. The final loan amount became $148,155.

### Example 1: **Loan Amount Calculation**

Suppose youâ€™ve taken a $180,000 loan from a bank with an annual interest rate of 4%. You want to pay it off over a 10-year period. Using the **PMT function**, you find the monthly payable amount to be $1,822.41. Now, if you wish to pay $1,500 instead, we can use Goal Seek to adjust the loan amount.

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

Now, if you wish to pay $1,500 instead, we can use **Goal Seek** in cell **C9 **to adjust the loan amount.

Follow the steps below to do this.

- Select cell
**C9**. - Go to theÂ
**Data**Â tab. - Expand theÂ
**What-If Analysis**Â tools list in theÂ**Forecast**Â group. - ClickÂ
**Goal Seek**Â to open the dialog box.

- Set the following parameters:
**Set cell:**Â Choose the cell containing the formula result you want to achieve (e.g.,**C9**).**To value:**Â Enter the desired output (e.g.,**-1500**for a loan payment of**$1,500**).**By changing cell:**Â Specify the cell where Goal Seek will adjust the value (e.g.,**$C$6**for the loan amount).

- ClickÂ
**OK**Â to see the new input value that achieves the desired output.

### Example 2: **Calculating Time Required for Desired Profit Return**

Suppose you have a fixed deposit amount (cell **C6**) and want to determine the time it will take to achieve a desired profit. The return amount after 2 years is in cell **C9**, but you aim for a profit equal to the value in **C10**. Using the **FV function**, you can calculate the return on investment after 2 years:

`=FV(C7,C8,0,-C6,0)`

To find the required time, follow these steps:

- Click in cell
**C9**. - Go to theÂ
**Data**Â tab, expand theÂ**What-If Analysis**Â tools, and selectÂ**Goal Seek**. - In the Goal Seek dialog box:
**Set cell**: C9**To value**: 54,636.35**By changing cell**: $C$8

- Press
**OK**.

The result will show the required time (approximately 3 years).

### Example 3: **Minimum Number for a Fixed Grade in Final Exam**

Given exam scores in cells **C12:E12** (averaged from four exams), you want all students to achieve a final grade of 75.

`=AVERAGE(C7:C10)`

To determine the marks needed in Exam 4 (cell **C10**), follow these steps:

- In the Goal Seek dialog box:
**Set cell**: C12**To value**: 75**By changing cell**: $C$10

- Press
**OK**.

The required marks for Exam 4 will appear in cell **C10**.

Repeat these steps for other students, adjusting final marks as needed.

**Automating Goal Seek with Excel Macros:**

We have a dataset that contains the names of some projects in the range **B7:B15** and the hours required to finish those projects in the range **C7:C15**. We will input the project’s progress in cell **G7**. The code will use Goal Seek to assign the same value in the range **D7:D15**. The VBA code will return the hours required to finish that percent of work in the range **E7:E15**.

Follow the steps below.

- Click theÂ
**Developer**Â tab. - Insert aÂ
**Button (Form Control)**.

- Assign the name
**Goal Seek**Â to the button. - Drag the plus icon that has appeared in your worksheet and adjust it to a suitable size.
- Click on the button =>
**CTRL+C**to copy =>**CTRL+V**to paste a new button.

- Assign the name
**Reset Progress**to the second button. - Right-click the
**Goal Seek**button and**Assign a Macro**.

- Use the following VBA code to assign values to cells
**D7:D15**based on the progress in cell**G7**:

```
Sub Button5_Click()
Dim m As Integer
Dim k As Integer
'Assign formula to cells D7 to D15
For m = 7 To 15
Cells(m, "D").GoalSeek Goal:=Cells(7, "G"),
changingCell:=Cells(m, "E")
Next m
End Sub
```

- Assign another
**macro**to the**Reset Progress button**:

```
Sub Button4_Click()
Â 'Selecting cells and clearing contents
Â Range("E7:E15,G7").Select
Â Selection.ClearContents
End Sub
```

We have automated the Goal Seek analysis.

- Now, input
**60%**Â in cell**G7**and click the**Goal Seek**button.

- The automation will adjust values in the range
**D7:E15**. - Use the
**Reset Progress**button to clear the results.

View the gif below for an overview of the automation process.

## How to Get More Precise Values Using Goal Seek:

By default, **Goal Seek** provides results based on Excelâ€™s default precision settings. However, if you need a more precise value, you can adjust the settings. Follow these steps:

**Steps:**

- ClickÂ
**File**Â and selectÂ**Options**Â from the left pane. The Excel Options dialog box will open.

- ChooseÂ
**Formulas**. - UnderÂ
**Calculation options**, change theÂ**Maximum Change**Â value to something smaller (e.g., 0.0000001).

Now, when you use Goal Seek, youâ€™ll get a more precise result.

## Troubleshooting If Goal Seek Is Not Working:

In some cases, Goal Seek may not work as expected. Here are two common reasons:

**1. Wrong Cell Reference or No Formula in Set Cell: **

- Ensure that the cell reference you provide in the Goal Seek parameters is correct.
- Make sure the
**Set Cell**contains a formula. Goal Seek wonâ€™t work if the cell doesnâ€™t have a formula.

**2. Circular Reference in Cell**

- If thereâ€™s a circular reference involving any cell youâ€™re using in Goal Seek, it wonâ€™t work.
- Check for circular references in the Goal Seek parameters.

## Advantages of Goal Seek Analysis in Excel

**Input Value Determination:**Â Goal Seek helps you find the input value needed to achieve a known output. For instance, you can calculate the product price when you know the cost and desired profit.**Sales Target Calculation:**If you have a fixed product price, Goal Seek can determine the number of products to sell for a targeted profit.

## Disadvantages of Goal Seek Analysis in Excel

**Potential Inaccuracy:**Â In some scenarios (e.g., vote casting in an election), Goal Seek may not provide accurate results.**Extreme Input Values:**Â When the input value is significantly above or below the desired output, Goal Seek might struggle.**Avoid Hard Coding:**Instead of hard-coding values, use cell references for flexibility.

**Download Practice Workbook**

You can download the practice workbook from here:

## Goal Seek in Excel: Knowledge Hub

- How to Use Goal Seek in Excel
- How to Automate Goal Seek in Excel
- How to Do What-If Analysis Using Goal Seek in Excel
- How to Use Goal Seek to Find an Input Value
- How to Do Reverse What-If Analysis in Excel
- Excel Macro to Goal Seek for Multiple Cells

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