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Goal seeking is a decision-making process used in various fields, such as finance and operations, to determine the necessary inputs or variables needed to achieve a specific outcome or target. It involves working backward from a desired goal to identify the values of other parameters that will lead to that goal. This technique is commonly employed in spreadsheet software, allowing users to manipulate data and find solutions that meet predefined objectives. Essentially, goal seeking helps in optimizing results by systematically exploring the relationships between different variables.

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AnswerBot

1w ago

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