![]() Output: Create a Forecast Sheet Forecast formulasĪside from Forecast Sheet, the functions FORECAST.ETS and FORECAST.LINEAR can also be used as forecasting tools. We have now created a forecast sheet showing the historical data and the predicted values for July 5 to August 2.įigure 5. For this example, we set the seasonality to 4 to stand for 4 weeks in one month.įigure 4. Click Options to set the Confidence Interval and Seasonality. In the Create Forecast Worksheet dialog box, we can change the Forecast End date.Note that there are three graphs for the predictions: one for the forecast, one for the lower confidence bound and another one for the upper confidence bound. Forecast Sheet option in Data tabĪ chart will appear showing the existing data points (blue line graph) and the predicted values (orange line graph). In the Data tab, select Forecast Sheet under the Forecast groupįigure 2.Select the historical data where we will base our forecast.Final result: Forecasting in Excel How to create a forecast sheet We can create a forecast with a table and chart showing the forecasted values.įigure 1. In Excel 2016, forecasting has been made easier with the Forecast Sheet feature. Excel offers some forecasting tools that help us predict future values based on historical data and trends. ![]()
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