Forecast Formula in MS Excel
The FORECAST formula in Microsoft Excel predicts a future value based on historical data. It uses a simple linear regression to calculate the future value.
The syntax for the FORECAST formula is:
=FORECAST(x, known_y's, known_x's)
where:
x = the independent value you want to predict
known_y's = the range of cells that contain the dependent values
known_x's = the range of cells that contain the independent values
Here's an example of using the FORECAST formula:
=FORECAST(5, A2:A7, B2:B7)
This will return the predicted value for x = 5 based on the historical data in the ranges A2:A7 and B2:B7. The historical data should represent the relationship between the dependent and independent values.
Note: The FORECAST formula is only suitable for simple linear regression and may not provide accurate results for complex relationships between the independent and dependent values.
Here's an example of using the FORECAST formula:
=FORECAST(5, A2:A7, B2:B7)
This will return the predicted value for x = 5 based on the historical data in the ranges A2:A7 and B2:B7. The historical data should represent the relationship between the dependent and independent values.
Note: The FORECAST formula is only suitable for simple linear regression and may not provide accurate results for complex relationships between the independent and dependent values.
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