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I would like to calculate the standard deviation of forecast vs. actual for
10 periods Right now, I have to do step of step, (1) calculate deviation (actual-forecast) (2) square deviation (3) average of the squares of the deviation (4) square root of (3). I am looking for a Excel formular to calcuate this... I only found STDEV(number1,number2,...), a measure of how widely values are dispersed from the average value. not the variation between forecast and actual. Please help ! |
#2
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Have you looked at the statistical functions builtin in to Excel? If not,
click the f(x) icon immediately to the left of the formula window and look under the Statistics category. Dave -- Brevity is the soul of wit. "Eileen" wrote: I would like to calculate the standard deviation of forecast vs. actual for 10 periods Right now, I have to do step of step, (1) calculate deviation (actual-forecast) (2) square deviation (3) average of the squares of the deviation (4) square root of (3). I am looking for a Excel formular to calcuate this... I only found STDEV(number1,number2,...), a measure of how widely values are dispersed from the average value. not the variation between forecast and actual. Please help ! |
#3
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Dave,
I only found Stdev.. to calculate the deviation off the average, not compare the two array (forecast and actual). Did I miss anything ? "Dave F" wrote: Have you looked at the statistical functions builtin in to Excel? If not, click the f(x) icon immediately to the left of the formula window and look under the Statistics category. Dave -- Brevity is the soul of wit. "Eileen" wrote: I would like to calculate the standard deviation of forecast vs. actual for 10 periods Right now, I have to do step of step, (1) calculate deviation (actual-forecast) (2) square deviation (3) average of the squares of the deviation (4) square root of (3). I am looking for a Excel formular to calcuate this... I only found STDEV(number1,number2,...), a measure of how widely values are dispersed from the average value. not the variation between forecast and actual. Please help ! |
#4
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Eileen -
I am not aware of a single function for your task, but the SUMXMY2 worksheet function will do most of the first three steps. - Mike http://www.mikemiddleton.com "Eileen" wrote in message ... I would like to calculate the standard deviation of forecast vs. actual for 10 periods Right now, I have to do step of step, (1) calculate deviation (actual-forecast) (2) square deviation (3) average of the squares of the deviation (4) square root of (3). I am looking for a Excel formular to calcuate this... I only found STDEV(number1,number2,...), a measure of how widely values are dispersed from the average value. not the variation between forecast and actual. Please help ! |
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