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how to use excel forecast function. The FORECASTLINEAR function uses the following arguments. In other words FORECAST projects a future value along a line of best fit based on historical data.
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We will be predicting y by looking at x values. In the Create Forecast Worksheet box pick either a line chart or a column chart for the visual representation of the forecast. The future value is a y-value for a given x-value.
In other words FORECAST projects a future value along a line of best fit based on historical data.
You can use these functions to predict future sales inventory requirements or consumer trends. We will be predicting y by looking at x values. The FORECAST function is a built-in function in Excel that is categorized as a Statistical Function. Choose the category statistically.
