What can you do with the Scenario Manager in Excel?

The Scenario Manager in Excel is a powerful feature that allows users to create and manage different scenarios based on varying values of input cells. This tool is particularly useful in decision-making processes where you want to evaluate how changes in specific variables impact the outcome of a formula or model. For instance, if you're analyzing the potential financial outcomes of a business plan, you can set up scenarios for different sales figures or expenses, and then quickly switch between these scenarios to see their effects on your overall calculation.

This capability enables users to conduct sensitivity analyses and allows for easier comparative assessments without having to manually adjust each input value repeatedly. The Scenario Manager effectively consolidates and organizes these variations, providing clarity and facilitating better planning and forecasting.

The other choices do not accurately capture the primary function of the Scenario Manager. Automated reports, data imports, and visualization through pivot charts are tasks performed through other features within Excel.