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"sfranger2003" wrote:
This is particularly and exercise, so please no one get offended or heated. I am sure you realize that it is impossible to predict approval ratings, at least based on past approval ratings alone. It is unfortunate that your instructor chose such an absurd example to demonstrate specific statistical concepts. Deferring to the simplistic thinking that the instructor probably expects.... I have a range of years and percentages, but I can't recognize a formula that will determine the missing values for the months yet to be determined. The first step in any forecasting effort should be to graph the data or otherwise determine what model best fits the data -- linear, exponential, logarithmic, etc. What is the simplest formula to get the missing values for the months and years to come? If you find that a linear model provides the best fit, the following might be "simplest": =FORECAST(A25,$B$1:$B$24,$A$1:$A$24) where A1:A24 has the dates of the known data, B1:B24 has the corresponding known approval rates, and A25 etc has the unknown dates. There are other forecast functions for other models. ----- original message ----- "sfranger2003" wrote: This is particularly and exercise, so please no one get offended or heated. I have a range of years and percentages, but I can't recognize a formula that will determine the missing values for the months yet to be determined. For example, Sep 2001 79.7%, Oct 2001 86.4%, Nov 2001 86.2%, and so on. What is the simplest formula to get the missing values for the months and years to come? |
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