Which is the best what-if analysis tool to determine the optimal combination of products to produce in order to maximize profit?
A)Goal Seek
B)Solver
C)Two-variable data table
D)Scenario Manager

Question

Quizplus · Accepted Answer

Solver is the best what-if analysis tool to determine the optimal combination of products to produce in order to maximize profit. Solver is a powerful tool that can handle complex optimization problems with multiple constraints and variables, including those related to production planning and inventory management. It uses mathematical algorithms to find the best solution that satisfies the given constraints and maximizes the objective function, which in this case would be the profit. The other tools, Goal Seek, Two-variable data table, and Scenario Manager, are useful for simpler what-if analysis tasks, but they do not have the advanced features and capabilities of Solver.

Which Is the Best What-If Analysis Tool to Determine the Optimal