Excel FORECAST Functions: How to Predict a Future Value 🔥
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Forecasting is the process of estimating future events or trends. There are many different methods of forecasting, but in this blog post, we will focus on the FORECAST function in Excel.
This function allows you to predict a future value along with a linear trend. In other words, it calculates how much an item will be worth at some point in the future based on its current value and the rate of change.
In addition, we will also discuss the FORECAST.ETS function in Excel, which uses Exponential Triple Smoothing to take into account seasonality. This function is especially useful for forecasting sales data or inventory levels.
Table of Contents;
00:00 Introduction
00:32 FORECAST.LINEAR Function in Excel
03:36 Create FORECAST Chart Using Scatter Chart
05:35 FORECAST.ETS Function in excel
09:50 Conclusion
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