What is Microsoft Excel?
Excel is an electronic spreadsheet program that can be used for storing, organizing and manipulating data. Microsoft Excel is easy to use and has very many features so the more you use it the more you learn. The Excel spreadsheet has great documentation through the built-in help menu.
Modeling:
Spreadsheet modelling is a document built specially for any purposes and in any industry like in financial services, customer services etc. A model can be used to trial possibilities financially without harm in order to check how much is made, leftover, lost etc. Models are good because the formulae auto update thus allowing for endless experimenting in business etc. There are many types of models such as Bank/Debt analysis, Business Planning (Budgeting) etc.
1.creating a well structured model for a particular type or group of problems
2. It is reusable
3. It is generalized
4. Result /output is well structured
2. It is reusable
3. It is generalized
4. Result /output is well structured
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References:
http://spreadsheets.about.com/od/tipsandfaqs/f/excel_use.htm
http://office.microsoft.com/en-001/excel-help/create-a-data-model-in-excel-HA102923361.aspx