FORECAST Function Explained
The FORECAST function in Microsoft Excel is used to calculate a future value based on existing values. It takes two arguments: x (the known value) and known_y (the known y-values). It then returns a predicted value for y based on the linear relationship between x and known_y.
FORECAST Function Syntax
FORECAST(x, known_y's, known_x's)
- x: The x-value for which you want to predict a corresponding y-value.
- known_y’s: An array or range of dependent y-values that are already known.
- known_x’s: An array or range of independent x-values that are already known.