Enter the x values, or independent variables, in the first column. Open a spreadsheet and title two columns according to the variables in your data. Here's how to use the FORECAST function in Excel: 1. Related: 10 Top Excel Accounting Formulas and Functions (With Examples) How to use FORECAST in Excel They can use a company's sales data to predict its future performance and use these findings to hire more employees, create budgets and expand infrastructure. Other professionals that may find forecasting useful are financial analysts. This insight can help them plan their selling strategies and market to the appropriate buyers. For instance, a realtor might use forecasting to predict the future value of a home. A forecast in Excel allows you to predict future performance based on current data and is useful in many professions.
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