forecasting
 

An employee has asked me a question regarding predictions, which has led me
to forecasting.

Lets say for example, he monitored for 3 months the number of hours an
engine ran for during the day. But he also wants a model where it will
predicts lets say for the next 3 months based on the results he has
previously.

Would this be done using the foremat function? And which values would be x
and which values would be y?

forecasting
 

Would this be done using the foremat function? And which values would be x
and which values would be y?

By Foremat I meant Forecast :)

forecasting
 

See here for a discussion of XL's statistical tools:
http://www.utexas.edu/its/training/handouts/excelstat/

(Some of these functions are irrelevant for forecasting, but some are
relevant.)

Dave
--
Brevity is the soul of wit.


"Harry" wrote:

An employee has asked me a question regarding predictions, which has led me
to forecasting.

Lets say for example, he monitored for 3 months the number of hours an
engine ran for during the day. But he also wants a model where it will
predicts lets say for the next 3 months based on the results he has
previously.

Would this be done using the foremat function? And which values would be x
and which values would be y?

forecasting
 

It really depends on what you are looking for, but regression functions are
built in. For a quick look you can put the data in as a chart and add a trend
line to it automatically.
--
-John Northwest11
Please rate when your question is answered to help us and others know what
is helpful.


"Harry" wrote:

An employee has asked me a question regarding predictions, which has led me
to forecasting.

Lets say for example, he monitored for 3 months the number of hours an
engine ran for during the day. But he also wants a model where it will
predicts lets say for the next 3 months based on the results he has
previously.

Would this be done using the foremat function? And which values would be x
and which values would be y?