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Predict data trends
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Use Excel's Forecast Function to Turn Historical Data Into Predictions
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XLSTAT Forecast solution, forecasting and business statistics software in Excel
By checking this box, I indicate that I have read and agree to the Frontline Systems license agreement for downloaded software. This new sheet contains a formatted data table that combines your historical data with the forecast values as well as an embedded line or column chart depending upon your selection depicting the trend in both the historical and forecast values.
The image above shows the brand new forecast worksheet that the Excel Forecast Sheet feature created using the original historical sales data shown above after the Set Manually option button was selected with the setting at zero and selected the Include Forecast Statistics check box before clicking Create in the Create Forecast Worksheet dialog box. As you can see, Excel placed this new forecast worksheet named Sheet1 before the worksheet containing the historical data named Annual Sales.
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Note that in order to display all the forecast values in the new formatted data table in the image above, the embedded line chart was repositioned and resized so that it fits nicely in the lower-right corner before taking the screenshot. If you wanted, you could move this chart to its own chart sheet before saving the new forecast table and chart as part of the Historical and Forecast Sales workbook. Check out the brand new podcast series that makes learning easy with host Eric Martsolf. How to Create Forecast Worksheets in Excel Defining the options for a new line chart that shows historical and projected sales in the Create a Forecast Worksheet dialog box.
Worksheet with embedded line chart depicting historical and forecast sales created with the Forecast Sheet feature. Listen Now.