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In the business environment spreadsheet linking is a useful function that adds a lot of value to developments but also a lot of risk. The concept of spreadsheet linking can be defined as the linking of data between two or more spreadsheets in the same workbook or between workbooks.

To remove the “Automatic update” pop up that shows every time you open a file that contains spreadsheet linking select Tools from the Excel toolbar, Options. Then Select the Edit tab; uncheck the “Ask to update automatic links”. Click OK, now when you start up a file the links will update automatically without requiring confirmation from you first.

One of Excel's most spectacular and useful features is the tool which it provides for calculating a CAGR. A CAGR measures the rate of return for an investment - such as a mutual fund or bond - over an investment period of say 5 or 10 years. The CAGR can also be referred to as a "smoothed" rate of return as it measures the growth of an investment as if it had grown at a steady rate on an annually compounded basis.

The Excel sensitivity analysis is used to calculate possible scenarios from which comparisons can be made. The Excel sensitivity analysis thus helps to identify what the effects on a model will be if certain factors change.

The COMBIN formula is extremely useful as it is used to derive at a number of combinations for a specific total of items. The COMBIN formula can thus be used to get the possibilities of groups for a total number of items

Decision making is an important factor that forms part of all everyday business situations, whether the decisions are big or small they are still to be made. The bigger the risk involved in making a decision the more analysis goes in to preparing for an answer. With Excel's logical expressions it is easy to represent data from over a period of time graphically with comparison charts.

Data tables are defined as a range of cells that are used for testing and analyzing outcomes on a large scale. It is a way to see how altering the values in a formula affect the results. Data tables can store the results of multiple scenarios in your spreadsheet, and saves you time in calculating multiple formulas. These tables are written in array formulas; this allows the user to perform multiple calculations in one location.