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How do I calculate the confidence interval for each year's forecast with the
output Excel gives me regarding the confidence intervals? I ran a multiple regression in Excel using the Analysis Tool Pack and I can see the upper and lower limits, but I do not know how to use those numbers to calculate the interval for each forecasted period. |
#2
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There is nothing in the output of the ATP regression tool that will help you
calculate the confidence interval for a prediction. Nor are there any functions who's output will directly help you to accomplish this task. Excel is not a statistics program, although it can do some simple statistics. The designers provided for calculating confidence intervals for the parameters of the regression, but not confidence intervals for the subsequent regression predictions. As I noted in a very similar worksheetfunctions thread http://groups.google.com/group/micro...ee2d413db54564 it is possible to cobble together a solution to your question, but it is quite involved, and so not likely to be appropriate for a new user. Jerry "Ashley B" wrote: How do I calculate the confidence interval for each year's forecast with the output Excel gives me regarding the confidence intervals? I ran a multiple regression in Excel using the Analysis Tool Pack and I can see the upper and lower limits, but I do not know how to use those numbers to calculate the interval for each forecasted period. |
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