+ Reply to Thread
Results 1 to 2 of 2

Prediction Graphs

  1. #1
    Registered User
    Join Date
    09-20-2005
    Posts
    3

    Prediction Graphs

    How do i make a graph predict the next value from 3 tables with info

    eg Table 1 has 5$ profit
    Table 2 has 3$ profit
    Table 3 has 8$ Profit

    how do i make a graph which predicts the next set of values from these values?

  2. #2
    Forum Guru
    Join Date
    04-13-2005
    Location
    North America
    MS-Off Ver
    2002/XP and 2007
    Posts
    15,829
    The mechanics of getting a chart to predict future values is easy. Chart your data in the desired fashion, Right click on the data series, select "Add Trendline", select the desired trendline, then, under trendline properties, select forecast however far ahead you want.

    Depending on what you want to do with these forecasts, sometimes it can be better to use worksheet functions (LINEST, TREND, GROWTH, FORECAST, etc) to predict the data rather than a chart trendline.

    The real question, which only you can answer, is how best to forecast the data. A linear fit of all three points? A linear fit of the last two points, or the first and last, or the first two points? A polynomial curve through all three points? Something else? Recognize that there are many hazards in extrapolating data, especially data like your sample that don't show a distinct trend.

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1