I have a business situation as follows: My business offers a services that can be qualified on a weekly basis with a number. The number decreases over time to the number 1. It is expected that the number will decrease as an exponential decay function. For example, 128, 64, 32, 16, 8, 4, 2, 1. (a crude example but exponential decay nonetheless). Each week we get a new number. An exponential function requires three points, so, after the third week, we should be able to predict the future values. Of course, once there are 4 points, we will have to interpolate the best fit exponential function. My goal is to use all the numbers available to project the most accurate future results. For example, if the numbers were 128, 64, 32...we would expect 16, 8, 4, etc. However, if the numbers were 128, 65, 32, we would expect something slightly different.
There are two issues in achieving my goal:
1) I need to use all the numbers available to me, which will vary.
2) I need to use an interpolation function in the background (no graphs).
The layout will be as follows:
Each row will contain a sequence of numbers, and each week we will progress to the next column. I want there to be a function (or some VBA) that automatically fills in the future rows that have not been reached. Each time we move over to the next column, we will replace the function (which was projecting a value) with a static value (based on actual performance) and the future values will update (based on newly projected performance).
Thank you in advance, to anyone savvy enough to help me with this.
Best,
Adam
Bookmarks