Mastering What If Analysis in Power BI: Practical Guide with Examples

Mastering What If Analysis in Power BI: Practical Guide with Examples
Dive into the world of What If analysis in Power BI with this comprehensive tutorial from Know How Academy. Learn the fundamentals, real-life scenarios, and practical implementation techniques to forecast potential outcomes based on different variables. Understand how to create parameters, manipulate data, and visualize results effectively. Whether you're a beginner or an experienced user, this video will equip you with the skills to conduct insightful What If analyses and optimize decision-making in your data analysis projects.

Timestamp:
0:00 - Introduction
0:40 - Meaning of "what-if analysis"
0:56 - Real-life example of what-if analysis (cake shop scenario)
4:14 - Implementing what-if analysis in Power BI
4:21 - Financial dataset overview
5:01 - Performing what-if analysis on COGS (cost of goods sold)
6:47 - How the what-if analysis is implemented
7:29 - Practical implementation steps
9:23 - Creating a parameter for COGS increase percentage
10:23 - Adding a slicer for the parameter
11:50 - Creating a measure for updated COGS
13:57 - Creating a measure for updated profit
14:43 - Creating a measure for profit change
16:29 - Performing what-if analysis at the country level

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