Question

Which method which aids you in forecasting values?

Answer 1

Answer:

Explanation:

Three General Types. Once the manager and the forecaster have formulated their problem, the forecaster will be in a position to choose a method. There are three basic types—qualitative techniques, time series analysis and projection, and causal models.

Answer 2

The linear regression method aids in forecasting values.

Forecasting functions:

There are many various tools in Microsoft Excel that may help you build linear and simple exponential projections based on historical data such as revenue, budgets, cash flows, stock prices, etc.

Excel FORECAST function:

In Excel, the FORECAST function is being used to estimate a future value through linear regression.

In other terms, FORECAST predicts a future value based on historical data further along the line of best fit.

The FORECAST function has the following syntax:

• FORECAST(x, known_y's, known_x's)

Where:

X (required) - a numerical x-value in which a new y-value is to be predicted.

Known y's(needed)  - an array of known dependent y-values.

Known x's(needed)  - an array of known independent x-values.