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Calculate the probability to reach at certain point......

  1. #1
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    Calculate the probability to reach at certain point......

    Hello everyone..... I donīt know if this is the right place (if not Iīm sorry).......

    I want to know if itīs possible to calculate the probability that a certain range of values, reach to a certain point.....

    The range is this (example):

    4
    3
    9
    7
    14
    22
    15
    20
    42
    46
    39
    44
    69
    71
    56
    64
    98
    78
    96
    100
    112
    143
    124
    128
    213
    223
    150
    242
    363
    307
    299
    389
    636
    541
    488
    489


    What I want to know is if this tendency will reach to 1000. Or how many steps more will be need to reach 1000.

    Like I said, and donīt know if this is in the right place, but if you put this values in a graphic you will see that the tendency is growing. I assume that this tendency will reach to 1000. But will be in the next 10 steps or in the next 30.


    I hope you understand this problem and could help me on this.........

  2. #2
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    Re: Calculate the probability to reach at certain point......

    Interesting challenge. I would first suggest that it is a math problem before an Excel problem.

    Easiest approach might be to correlate the entire data set to an exponential curve (y=AB^x). This can be done using the LOGEST() function in Excel (http://office.microsoft.com/en-us/ex...in=HA010277524). Once you have the coefficients A and B, then you can use algebra to solve for x when y=1000.

    Another approach might be to extract the "maxima" from the data set, and perform a similar analysis. The real difficulty here is how to identify and extract the "maxima" into their own table so you can use the LOGEST() function to regress that curve.
    Quote Originally Posted by shg
    Mathematics is the native language of the natural world. Just trying to become literate.

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    Re: Calculate the probability to reach at certain point......

    MrShortly thank for your rapid response..... I have already done the LOGEST() and I have already the coefficients A and B.

    But now how can I solve the algebra problem??? Is there a Function for that???

    Another thing is, but itīs for later, the data is given from web and I want to copy paste the values in a way like the ones that I put here (top down)..... So the range that I put in the LOGEST() function is not estatic. The range is always growing. So this function might not work for what I want. Maybe with some VBA code.

    But first I need to figure how this function works, so I can put the problem to the VBA gurus.......

  4. #4
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    Re: Calculate the probability to reach at certain point......

    But now how can I solve the algebra problem??? Is there a Function for that???
    Excel does not really do algebra. If you wanted, you can use the Goal Seek/Solver utilities to "solve" the equation, but the algebra in this case is so simple that I don't know why you would want to bother with that kind of solution (especially if this is headed into VBA).

    Here's your algebra lesson for today (http://www.purplemath.com/modules/solvexpo2.htm). Excel has the built in logarithm function =LOG() and =LN(). VBA only has the natural log Log() function.

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