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Excel Forecast Function
Excel Forecast Function
The FORECAST function uses the least squares or linear regression method to forecast future values. For exam
sales, stock requirements, trends etc.
In Excel 2016 this function has been replaced by FORECAST.LINEAR as part of the new library of forecasting f
x this is the next data point that you want to forecast. E.g. it might be a date, or period number
known_y's the range of cells containing your historical values you're basing your forecast on
known_x's the range of cells containing the periods you already know
Notes:
- All arguments are required and the known y's and x's must contain the same number of data points.
- x must be a numeric value, otherwise the #VALUE! Error will be returned.
- the #DIV/0! Error will be returned if the variance of known_x's equals zero.
42767
42795
42826
42856
42887
42917
42948
42979
Nov 630,391
Dec 754,282 754,282 2017
Sales Forecast
42826
42856
42887
42917
42948
42979
43009
43040
43070
43101
43132
43160
43191
43221
43252
2017 2018
Sales FORECAST
ORECAST(C34,$C$5:$C$16,$B$5:$B$16)
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Year Month Sales FORECAST
2017 Jan 8,638
Feb 3,735
Mar 28
Apr 96
May 50
Jun 69
Jul 136
Aug 100
Sep 672
Oct 930
Nov 372
Dec 502 502
2018 Jan -1,221
Feb -1,612
Mar -1,964
Apr -2,354
May -2,732
Jun -3,122