TREND FunctionThis example compares FORECAST with the similar TREND function to highlight their differences in usage and results. A (Year)B (Revenue)C (FORECAST)D (TREND) 2018 50000 2019 55000 2020 60000 2021 =FORECAST(A4,B1:B3,A1:A3) =TREND(B1:B3,A1:A3,A4)...
The FORECAST (or FORECAST.LINEAR) function in Excel predicts a future value along a linear trend. The FORECAST.ETS function in Excel predicts a future value using Exponential Triple Smoothing, which takes into account seasonality.
Aggregation(optional) – specifies how to aggregate multiple data values with the same time stamp. What is FORECAST.ETS? The FORECAST.ETS function in Excel is used to forecast data using an exponential smoothing algorithm. Exponential smoothing is a method in statistics used for smoothing time seri...
Note:In Excel 2016, the FORECAST function was replaced with FORECAST.LINEAR as part of the newForecasting functions. The syntax and usage of the two functions are the same, but the older FORECAST function will eventually be deprecated. It's still available for backward compatibility, but...
Note:In Excel 2016, the FORECAST function was replaced with FORECAST.LINEAR as part of the newForecasting functions. The syntax and usage of the two functions are the same, but the older FORECAST function will eventually be deprecated. It's still available for backward compatibility, but consider...
Excel Functions - Home Compatibility Functions Compatibility Functions BETADIST Function BETAINV Function BINOMDIST Function CEILING Function CHIDIST Function CHIINV Function CHITEST Function CONFIDENCE Function COVAR Function CRITBINOM Function EXPONDIST Function FDIST Function FINV Function FLOOR Function FTEST ...
Example #1 – Basic Forecast Formula in Excel There are some known Y and X values, so a user wants to calculate the known Y 30 value for known X based on past data, which is known Y and known X. Let’s see how the Forecast Function can solve this problem. ...
Read More: How to Forecast Revenue Growth in Excel Method 2 – Applying the FORECAST Function Similarly, you can use the FORECAST function or the FORECAST.LINEAR function to forecast revenue for the upcoming year. The formula is as follows: =FORECAST(B13:B15,C5:C12,B5:B12) Here: new_x’...
For example, this discussion is at techcommunity dot microsoft dot com /t5/excel/forecast-function-doesn-t-return-good-data/td-p/3592388. ---There are many reason why FORECAST not return "good data". First and foremost, because your actual data does not fit a linear treadli...
Important:The function FORECAST.ETS.CONFINT is not available in Excel for the Web, iOS, or Android. Returns a confidence interval for the forecast value at the specified target date. A confidence interval of 95% means that 95% of future points are expected to fall within this radius from...