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Tag: TREND function

TREND function: Description, Usage, Syntax, Examples and Explanation

What is TREND function in Excel? TREND function in Excel is a Statistical Function that computes the linear trend line based on the given linear set of data. TREND in Excel calculates the predictive values of Y for given array values of X and uses the least square method based on the given two data series. Explanation of TREND function TREND…

Forecast vs Trend Function in Excel

The FORECAST and TREND function give the exact same result. When you add a trendline to an Excel chart, Excel can display the equation in a chart (see below). You can use this equation to calculate future sales. Explanation: Excel uses the method of least squares to find a line that best fits the points. The R-squared value equals 0.9295, which is a good fit. The closer to…