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Trendline Types
I am new to trendlines.
I am using an xy scatter graph. Is there rule for when to use the different types of trendlines? I presently use a Power Type, but I am not sure if this is giving me a true tend. Thanks |
Trendline Types
Dave -
Do you have any physical basis to use one over another? In other words, if it's a physical phenomenon you're plotting, is there some theoretical relationship that describes the phenomenon? If so, use the trendline of that form, or transform the data until the model matches one of the available types. If you want a nice-looking, smooth fit, you could use a polynomial, but people usually take this to extremes. There is no physical basis for a sixth order fit. You should use the simplest equation that shows a reasonable agreement with your data. If you are using the fit for interpolation, use your judgment. Try to avoid using a fit for extrapolation, especially a poly fit. - Jon ------- Jon Peltier, Microsoft Excel MVP Tutorials and Custom Solutions Peltier Technical Services, Inc. - http://PeltierTech.com _______ "Dave" wrote in message ... I am new to trendlines. I am using an xy scatter graph. Is there rule for when to use the different types of trendlines? I presently use a Power Type, but I am not sure if this is giving me a true tend. Thanks |
Trendline Types
Jon wrote on Wed, 3 Oct 2007 09:16:59 -0400:
JP Do you have any physical basis to use one over another? In JP other words, if it's a physical phenomenon you're plotting, JP is there some theoretical relationship that describes the JP phenomenon? If so, use the trendline of that form, or JP transform the data until the model matches one of the JP available types. JP If you want a nice-looking, smooth fit, you could use a JP polynomial, but people usually take this to extremes. There JP is no physical basis for a sixth order fit. You should use JP the simplest equation that shows a reasonable agreement JP with your data. JP If you are using the fit for interpolation, use your JP judgment. Try to avoid using a fit for extrapolation, JP especially a poly fit. JP - Jon JP ------- JP Jon Peltier, Microsoft Excel MVP JP "Dave" wrote in message JP ... ?? I am new to trendlines. ?? ?? I am using an xy scatter graph. Is there rule for when to ?? use the different types of trendlines? ?? ?? I presently use a Power Type, but I am not sure if this is ?? giving me a true tend. ?? Jon's post looks like excellent advice. I sometimes find a moving average to be enlightening but I don't try to make future predictions from it. James Silverton Potomac, Maryland E-mail, with obvious alterations: not.jim.silverton.at.verizon.not |
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