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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.
On this dialogue box, you select the data that you want to include in your function: If you look in the Number1 box, you'll see Excel has guessed which cells we want to use for our Average function-A1:A8. It evens gives the answer to the Function - 6.625. Click OK to insert the function.he second way to enter a Function in Excel is through the panels on the Ribbon. Try this: 1  Click inside cell B9 on your spreadsheet. 2  This is where we'll place the Average for the cells A1 to A8.