FORECAST Excel Function
Compact mode

FORECAST

Known for Linear Trend Prediction

Table of content

Basic Classification

  • Function Category 📊
    Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function types
    • Statistical
      FORECAST belongs to the Statistical category. Excel functions for statistical analysis and calculations

  • Operation Type 🔧
    Fundamental type of operation or action that the Excel function performs on its inputs
    • Calculation
      FORECAST performs Calculation operations. Excel functions for performing various calculations

    Facts

    • Interesting Fact 💡
      Unique or lesser-known information about the Excel function
      • Based on least squares regression method

    • Sarcastic Fact 🤣
      Humorous or ironic observation about the Excel function
      • The crystal ball of Excel functions

    Technical Details

    • Input Data Type 📝
      Types of data that the Excel function accepts as input parameters
      • Number
        FORECAST accepts Number as input data. Excel functions specifically designed for numerical calculations

    • Version Compatibility 💻
      Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.
      • Excel 2019
        FORECAST is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version
      • Excel 2016
        FORECAST is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version
      • Excel 2013
        FORECAST is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version

    • Operating System 💾
      Specifies the operating systems where the function can be used < including Windows< macOS< and web platforms
      • Windows
        FORECAST runs on Windows Excel functions optimized for Windows operating system
      • MacOS
        FORECAST runs on MacOS Excel functions optimized for MacOS users
      • Web Excel
        FORECAST runs on Web Excel Excel functions available in web-based versions

    • Required Arguments Count 🔢
      Number of mandatory arguments needed for the function to work properly

    • Required Arguments Type 📊
      The data types accepted as valid input arguments for the function
      • Array
        FORECAST accepts Array as input types Excel functions that specifically work with array inputs for calculations
      • Number
        FORECAST accepts Number as input types Excel functions that perform calculations specifically with numerical inputs

    Evaluation

    • Pros ✅
      Key advantages and strengths of the Excel function
      • Statistical Accuracy
        Excel functions with high statistical accuracy ensure precise mathematical and analytical results
      • Trend Analysis
      • Professional
      • Scientific Prediction
      • Based On Historical Data
        Functions that analyze and process historical time-series data

    • Cons ❌
      Limitations and potential drawbacks of the Excel function
      • Assumes Linear Relationship
      • Complex Setup
      • Sensitive To Outliers
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    FAQ about FORECAST