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up vote 1 down vote. There's a couple of ways you can do sensitivity analysis on Excel. You can use data tables or the scenario manager. It depends on the number of variables you want to change in the analysis and what sort of output you'd like.Check out the following posts to learn more about both the methods.http://awaisa.wordpress ....our problem is a more straightfoward sensitivity analysis. Data Tables are a simple way to flex inputs through a model for simultaneous outputs, 1 way (1 changing variable) and 2 way tables (flexing a table of paired row and column inputs) can be added easily. 1  http://www.homeandlearn.co.uk/excel2007/excel2007s7p1.html.
Advanced statistical techniques for comparison like ANOVA will be covered in a separate article because they are broad and have a variety of applications. {mospagebreak title=How to conduct a T-test in MS Excel}. A T-test is used to compare two data sets.NOVA (Analysis of variance) is used to compare the means of two or more data sets. An F-test is used to compare the variation of two data sets. In MS Excel, the following are the available tools for both built-in and data analysis toolpak features: 1  T-test.