It is usually more curved on one side. Exponential – It shows the increase/decrease in the value of data at an increasingly higher rate. Linear – It is a straight line that shows the increase/decrease in the value of data over time at a steady rate. This is because R-squared is not well defined in this case, and Tableaus behavior matches.
Add A Formula For A Trendline In Excel On How To Forecast DataFollow the steps below to understand how to forecast data trends.STEP 1:Double click on the trendline to open the Format Trendline pane.STEP 2: Select the Trendline Options tab.STEP 3:Under forecast, type “6” in the forward box.Your project data trend for the next 6 periods is created.You can use trendline to extrapolate the trend of the data into the past. You can change the color, transparency, width, dash type, compound type, cap type, and more for your trendline.In the example below, you want to change the color of the trendline to blue, increase the width to 2.5, and change the dash type.STEP 2:Select the Format Trendline option.Or, you can skip STEP 1 & 2 and simply double click on the trendline to open the Format Trendline pane.STEP 3:From the Format Trendline pane, click the Fill & Line category.In Excel, you can extend your data and project the data trend into the future or past using the features of Trendline.In this example, you want to forecast sales for the next 6 periods. Moving Average – It is used to smooth the extreme fluctuations of data and show a clearer direction to data trends.Now that you know how to add trendline in Excel, let’s move forward to understand how to format them. Polynomial – It is a curved line that should be used when data fluctuates more than one rise and fall.Let’s see how it can be done.Say, you want to add both linear and moving average trendline to the existing data. But you can add multiple trendlines to the same chart. Add multiple trendline to same chartUntil now, you have learned how to add trendline in Excel.
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