I have a monthly data:Feb-04-Feb-05
Feb-04 2,156
.....
Dec-04 3,844
Jan-05 3,964
Feb-05 4,001
I need to make a forecast for Jun-05,Jul-05,Aug-05
Which of statistical functions would be better to apply on this data? Thank
you
I have a monthly data:Feb-04-Feb-05
Feb-04 2,156
.....
Dec-04 3,844
Jan-05 3,964
Feb-05 4,001
I need to make a forecast for Jun-05,Jul-05,Aug-05
Which of statistical functions would be better to apply on this data? Thank
you
If it is a simple linear or growth projection you may not need any of them.
You might first review Help on the use of Edit>Fill>Series.
HTH |:>)
"agenda9533" wrote:
> I have a monthly data:Feb-04-Feb-05
> Feb-04 2,156
> ....
> Dec-04 3,844
> Jan-05 3,964
> Feb-05 4,001
> I need to make a forecast for Jun-05,Jul-05,Aug-05
> Which of statistical functions would be better to apply on this data? Thank
> you
agenda9533 -
First, look at the data. That is, create a simple line chart.
Identify whether there is trend and seasonality. Use your judgment.
Finally, use an appropriate model to extrapolate into the future.
- Mike
www.mikemiddleton.com
"agenda9533" <[email protected]> wrote in message
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>I have a monthly data:Feb-04-Feb-05
> Feb-04 2,156
> ....
> Dec-04 3,844
> Jan-05 3,964
> Feb-05 4,001
> I need to make a forecast for Jun-05,Jul-05,Aug-05
> Which of statistical functions would be better to apply on this data?
> Thank
> you
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