Answer :
Excel's Solver is a powerful tool for optimization and equation-solving within the software, suitable for simple problems. The process involves defining the problem, inputting data, and using the Solver function to find solutions.
In Excel, Solver is an Add-in tool used for optimization. To set up a problem in Excel using Solver, define the data set and the model to fit the data, and then minimize the sum of least squares by varying parameters in the model. Excel's Solver function helps in solving simultaneous equations by defining the target cell, changing cells, and constraints. By clicking 'Solve' in the Solver window, Excel attempts to find a solution for the defined problem.
Excel's Solver is a powerful tool for optimization and equation-solving within the software, suitable for simple problems. The process involves defining the problem, inputting data, and using the Solver function to find solutions. Excel's Solver is suitable for relatively simple problems but might struggle with complex nonlinear equations. More complex problems may require the use of tools like Matlab for better solutions.
