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Greetings All,
I have the following array of data, column 1 is the date and column 2 is the amount in US$. I am trying to use regression to forecast three years or so hence. 3-Jan-06 750,000 3-Apr-06 1,000,000 27-Apr-06 1,009,778 14-Jul-06 1,139,739 26-Oct-06 1,109,484 5-Dec-06 1,169,886 9-Jan-07 1,244,587 10-Mar-07 1,421,393 28-Mar-07 1,419,597 14-Aug-07 1,642,892 If I use a linear regression trendline on this data, the R^2 is around 90% which is not bad. If I use the "Forecast Forward Periods" function, this gives me an idea of when the regression line passes 2,000,000 or 2,500,000. However, my question is this: what is the correct x-value input to use with the regression equation y = 1332.4x - 5E+07 since using the 1900-calendar number clearly does not work. Many thanks, Peter SS |
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