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Hi there,
Here is a sample of what I'm trying to forecast... Month Visitors to Store Jan 50,000 Feb 60,000 Mar 80,000 Apr ? May ? The way I understand the FORECAST function in Excel to work is that it requires numeric values for both the X and Y values. In this case; however, I believe my X value to be the month, so when I use the formula "=FORECAST(x,known_y's,known_x's)" I receive an error message. Am I going about this the wrong way? Is there another function I need to use? Many thanks for any help you can offer!! |
#2
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I'd change that first column to a real date--the first of each month???--and
include the year. wrote: Hi there, Here is a sample of what I'm trying to forecast... Month Visitors to Store Jan 50,000 Feb 60,000 Mar 80,000 Apr ? May ? The way I understand the FORECAST function in Excel to work is that it requires numeric values for both the X and Y values. In this case; however, I believe my X value to be the month, so when I use the formula "=FORECAST(x,known_y's,known_x's)" I receive an error message. Am I going about this the wrong way? Is there another function I need to use? Many thanks for any help you can offer!! -- Dave Peterson |
#3
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I tried to use the GROWTH function instead. I inserted a column and used a
number to reference each month (1 for Jan, 2 for Feb etc...) Perhaps try that, it seemed to give a logical estimate for the next two months. " wrote: Hi there, Here is a sample of what I'm trying to forecast... Month Visitors to Store Jan 50,000 Feb 60,000 Mar 80,000 Apr ? May ? The way I understand the FORECAST function in Excel to work is that it requires numeric values for both the X and Y values. In this case; however, I believe my X value to be the month, so when I use the formula "=FORECAST(x,known_y's,known_x's)" I receive an error message. Am I going about this the wrong way? Is there another function I need to use? Many thanks for any help you can offer!! |
#4
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Expanding on Dave's answer: if you still want to see Jan, Feb ... in the
column then 1) replace them with 1-Jan-2007, 1-Feb-2007 (or dates in your customary format) 2) format the cells with Custom format: mmm best wishes -- Bernard V Liengme www.stfx.ca/people/bliengme remove caps from email wrote in message oups.com... Hi there, Here is a sample of what I'm trying to forecast... Month Visitors to Store Jan 50,000 Feb 60,000 Mar 80,000 Apr ? May ? The way I understand the FORECAST function in Excel to work is that it requires numeric values for both the X and Y values. In this case; however, I believe my X value to be the month, so when I use the formula "=FORECAST(x,known_y's,known_x's)" I receive an error message. Am I going about this the wrong way? Is there another function I need to use? Many thanks for any help you can offer!! |
#5
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A quick method for one-off forecasts is to select the values and then
pull down with the fill handle in the bottom right-corner of the selection. If you select the months column too this will also extend the months list. Drag down with the right-button to choose options for how to fill the list. On 11 Apr, 14:53, wrote: Hi there, Here is a sample of what I'm trying to forecast... Month Visitors to Store Jan 50,000 Feb 60,000 Mar 80,000 Apr ? May ? The way I understand the FORECAST function in Excel to work is that it requires numeric values for both the X and Y values. In this case; however, I believe my X value to be the month, so when I use the formula "=FORECAST(x,known_y's,known_x's)" I receive an error message. Am I going about this the wrong way? Is there another function I need to use? Many thanks for any help you can offer!! |
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