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  • How to use forecasting in excel

    • Excel forecast seasonality...

    FORECAST in Excel

    The FORECAST (or FORECAST.LINEAR) function in Excel predicts a future value along a linear trend.

    Forecast function in excel

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    • The FORECAST.ETS function in Excel predicts a future value using Exponential Triple Smoothing, which takes into account seasonality.

    FORECAST.LINEAR

    The FORECAST function is an old function. Microsoft Excel recommends using the new FORECAST.LINEAR function which produces the exact same result.

    1.

    The FORECAST.LINEAR function below predicts a future value along a linear trend.

    Explanation: when we drag the FORECAST.LINEAR function down, the absolute references ($B$2:$B$11 and $A$2:$A$11) stay the same, while the relative reference (A12) changes to A13 and A14.

    2.

    Enter the value 89 into cell C11, select the range A1:C14 and insert a scatter plot with straight lines and markers.

    Note: when you add a trendline to an Excel chart, Excel can display the equation in a chart.

    This equation predicts the same future values.

    FORECAST.ETS

    The FORECAST.ETS function in Excel 2016 or later is a great function which can detect a seasonal pattern.

    1. The FORECAS

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