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Forecasting with Excel

Main forecasting tools in Excel. FormullasStatistical functions, e.g., Average(), Forecast(),Correl() (correlation coefficient), RSQ() (determination coefficient)Add-Ins: Data Analysis ToolPakChart-Wizard and adding trendsAutoFill filling cells by dragging (simple means for linear or exponent

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Forecasting with Excel

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    1. Forecasting with Excel

    2. Main forecasting tools in Excel Formullas Statistical functions, e.g., Average(), Forecast(), Correl() (correlation coefficient), RSQ() (determination coefficient) Add-Ins: Data Analysis ToolPak Chart-Wizard and adding trends AutoFill – filling cells by dragging (simple means for linear or exponential growth trend)

    3. Functions Forecast() Linear() Trend() Growth() Logest()

    4. Data Analysis ToolPak (an Excel component) Installation: Tools?Add-Ins?Check “Data Analysis Tool Pak” Forecasting tools contained in Analysis ToolPak : Moving average, Exponential smoothing, Regression analysis, etc.

    5. End

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