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Hello group,
I'd like some help drawing a trendline in Excel. We have price datasets going back five years that we want to chart using a line, with an accompanying trendline. The trendline should be a moving average that uses the same month for each year to determine the average. For example. If January 2007's price is "5" and the previous four years' January values were 4, 4, 5, 5 (for an average of 4.5), then 4.5 should be the trendline value for January 2007. I'm only finding options in the chart wizard and tools for the standard moving average of a given range (such as x months). Please help! DC G |
#2
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Posted to microsoft.public.excel,microsoft.public.excel.charting
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Produce an appropriate data series in your worksheet, and use the TREND
function. -- David Biddulph "DC Gringo" wrote in message ... Hello group, I'd like some help drawing a trendline in Excel. We have price datasets going back five years that we want to chart using a line, with an accompanying trendline. The trendline should be a moving average that uses the same month for each year to determine the average. For example. If January 2007's price is "5" and the previous four years' January values were 4, 4, 5, 5 (for an average of 4.5), then 4.5 should be the trendline value for January 2007. I'm only finding options in the chart wizard and tools for the standard moving average of a given range (such as x months). Please help! DC G |
#3
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Posted to microsoft.public.excel.charting,microsoft.public.excel
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Hi DC,
1. You can try the Charting engine's trendline tool. On the chart select the series and choose the command Chart, Add Trendline. You will see a Moving Average option. Try this out and see if it is good enough. 2. A second possibility - Choose Tools, Add-in and turn on the check beside Analysis ToolPak, click OK. In the spreadsheet choose the command Tools, Data Analysis, Moving Average, and see if this tool helps you. -- Cheers, Shane Devenshire "DC Gringo" wrote: Hello group, I'd like some help drawing a trendline in Excel. We have price datasets going back five years that we want to chart using a line, with an accompanying trendline. The trendline should be a moving average that uses the same month for each year to determine the average. For example. If January 2007's price is "5" and the previous four years' January values were 4, 4, 5, 5 (for an average of 4.5), then 4.5 should be the trendline value for January 2007. I'm only finding options in the chart wizard and tools for the standard moving average of a given range (such as x months). Please help! DC G |
#4
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Posted to microsoft.public.excel, microsoft.public.excel.charting
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On Jan 2, 4:06*pm, "DC Gringo" wrote:
For example. *If January 2007's price is "5" and the previous four years' January values were 4, 4, 5, 5 (for an average of 4.5), then 4.5 should be the trendline value for January 2007. I'm only finding options in the chart wizard and tools for the standard moving average of a given range (such as x months). I would simply set up a data series of the desired moving average, then chart the data series. For example, if you have monthly data in column A, the following computes a 5-period year-over-year moving average, starting in B49: =average(A1+A13+A25+A37+A49) When you copy down, references get incremented appropriately. Note: A moving average merely smooths the data fluctuations. Notwithstanding Excel terminology and others', it is not unreasonable to chart a suitable trendline (e.g. linear or exponential) through the moving average data points. To me, that is the real trendline, not the moving average curve. |
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