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Help predicting values based on historical data

  1. #1
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    Help predicting values based on historical data

    Hi,

    New poster looking for some help.

    I have a large range of data from various companies with various properties. I'd like to be able to predict future sales based on historical from previous quarters.
    I have tried the FORECAST function however as I understand it, it requires a value to base off, i don't have a future value as I'm looking for an estimate based off the previous data.

    I have tried to use the Forecast sheet but it didn't seem to want to play nicely with the Quarterly dates, and I don't know how to work out any seasonal variation.

    Attached is a sample of the data I am looking for, I have left the spaces I would like it to predict as empty cells. I am open to any solution except VBA as this is for someone who is not partically excel savvy.

    Any help would be greatly appreciated and if you require further info please let me know.
    Attached Files Attached Files

  2. #2
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    Re: Help predicting values based on historical data

    The FORECAST() function should work. The problem is that the FORECAST() function assumes a simple straight line (y=mx+b) relationship. Excel 2016 has several other built in forecasting functions: https://support.office.com/en-us/art...rs=en-US&ad=US
    It appears that, excep for the FORECAST.LINEAR() function, Excel's built in functions are based on exponential triple smoothing (ETS). I don't know if that is the kind of algorithm you are looking for. If it is, then these functions should help.
    Quote Originally Posted by shg
    Mathematics is the native language of the natural world. Just trying to become literate.

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