In computing, goal seeking is the ability to calculate backward to obtain an input that would result in a given output. This can also be called what-if analysis or back-solving. It can either be attempted through trial and improvement or more logical means. Basic goal seeking functionality is built into most modern spreadsheet packages such as Microsoft Excel.
According to O'Brien and Marakas, optimization analysis is a more complex extension of goal-seeking analysis. Instead of setting a specific target value for a variable, the goal is to find the optimum value for one or more target variables, given certain constraints. Then one or more other variables are changed repeatedly, subject to the specified constraints, until you discover the best values for the target variables.
Read more about Goal Seeking: Examples
Famous quotes containing the words goal and/or seeking:
“Religion means goal and way, politics implies end and means. The political end is recognizable by the fact that it may be attained—in success—and its attainment is historically recorded. The religious goal remains, even in man’s highest experiences, that which simply provides direction on the mortal way; it never enters into historical consummation.”
—Martin Buber (1878–1965)
“There was once in man a true happiness of which there now remain to him only the mark and empty trace, which he in vain tries to fill from all his surroundings, seeking from things absent the help he does not obtain in things present.”
—Blaise Pascal (1623–1662)