Forecast excel 2016 review how to#

Let us now see how to use the FORECAST function in Excel with the help of some examples. How to use the FORECAST Function in Excel?ДЇORECAST Function is very simple to use. Go to formulasвЂ“>Choose More FunctionвЂ“>StatisticalвЂ“>Forecast

In the advanced version, we can use the shortcut wherein the formula menu we can see the more function. Once you choose the statistical, you will find a list of a function. Go to the formula menu and click the insert function.The forecast function will come under the category of a Statistical function here we will see a step-by-step procedure on how to use it. The forecasting function is mainly used in FMCG, financial, accounting and risk management where we can predict the future sales figure assume that FMCG company has huge sales in order to find out the next month or next year sales this FORECAST function is very useful to predict the exact result which will be useful for the management in analyzing revenue and other promotion reports. It is mainly used in predicting futures sales data.It is used as a statistical tool & techniques.This function is normally concerned with future events.Known_ X-: This Known x_values is an independent array or range of data.

Known_ Y-: This Known y_values is a dependent array or range of data.

X-: This is a numeric value where we need to forecast new y value.

Excel functions, formula, charts, formatting creating excel dashboard & others FORECAST Formula in ExcelДЄrguments ofВ FORECAST Function in Excel :

Forecast excel 2016 review