What are the advantages of using Excel Modelling?

Precisely MS Excel as a tool is used to solve all logical problems, being it arithmetic, algebraic, statistical, scientific, financial and logical statement based. Also a user have good handle to present the date in the way it is intended to.

Modeling of a problem in Excel means - creating a generalized way of solving a problem. Modeling is different from solving problem for once as it is meant to be reusable, variables well defined to represent input and output, generalized and well explained, understandable to a general user ( of that domain).

So precisely Excel Modeling means:

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