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Excel forecasting is a key skill for analysts, enabling precise predictions to guide strategic decisions. Key techniques include linear trend analysis, seasonality, and data visualization.
Use the FORECAST Function: Apply FORECAST to predict a future value based on existing values and the linear trend. Specify the X Value: Enter the x-value for which you want to forecast the y-value.
Forecast in Excel is a useful feature that helps you create a forecast based on historical time-based series data analysis. It has some newly built capabilities.
How to Graph Linear Lines in Microsoft Excel. Data is rarely so uniform and predictable that plotting data points creates a perfectly linear arrangement.