Goal Seeking is the process of determining the input values necessary to achieve a certain goal. This process can be viewed as the reverse or opposite of “what-if” analysis.
Goal seeking allows decision makers to identify the course of action to take in order to achieve a certain goal. Most of us perform goal analysis in our everyday lives.
For Example:
- Students calculate the grade they must get on the final exam to get an A in the class.
- Parents calculate the amount they must save each month to send their children to college.