How to Forecast with Excel Chart Trendlines

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Add an Excel Chart trendline and turn it into a spreadsheet formula to make a forecast! You will learn how you can produce a forecast using just Excel trend lines and charts. You'll learn how to add seasonality to a trend so you can end up with a respectable forecast in minutes. We'll go through all the various different types of trend lines and how you can use them to form a forecast within a spreadsheet.
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You can forecast with Excel chart trendlines by displaying the Excel trendline equation on your chart and copying the Excel trendline equation to a cell. First though, you need to add a trend line to an Excel chart , alter the Excel trendline equation precision to show more digits, and check the Excel chart trendline forecast. In this video you will learn all about Excel chart trend lines including how to forecast with Excel chart trendlines. You can export the trendline equation to a cell by displaying the trendline equation and adding more digits, with the standard ribbon command, and then copy the Excel trendline equation to the cell. I will then show you how to turn this chart trendline into a formula and forecast your data.
Some of the things you’ll learn in this video:
» All the Types of Trendlines
» Forecasting Forward
» Checking Trend Fit
» Deriving the Underlying Values
» Adding Seasonality to a Forecast
» General Chart Tips and Shortcuts
» LEFT, RIGHT and CHAR Formulas
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📗 Download Workbook Here:»» cutt.ly/up4excel013
💥 Add an Excel Chart trendline and turn it into a spreadsheet formula to make a forecast! You will learn how you can produce a forecast using just Excel trend lines and charts. You'll learn how to add seasonality to a trend so you can end up with a respectable forecast in minutes.

[@wayneedmondson1065]

Hi John. Interesting approach. There are also EXCEL functions to help: FORECAST, FORECAST.LINEAR and FORECAST.ETS. Further, there is the Forecast Sheet feature in the Data ribbon tab. Lots of ways to do a forecast. Thanks for sharing your method :)) Thumbs up!!

[@Up4Excel]

Thanks for the tips Wayne. I recently discovered the forecast sheet feature and it's certainly a great way to benchmark a manual forecast.

[@johnborg5419]

Thanks John. This video was great!!! : )

[@Up4Excel]

👍 Good news, hope you find many more the same.

[@martinkeane8293]

Great video John thank you! I am a novice to forecasting and had a question regarding the formula in the forecast cell ‘to the power of, will this formula work with all trendline types?

[@Up4Excel]

Yes, all trendlines can be forecasted this way. For log and exponential trends you need to use LOG and EXP formulas. As long as you follow the step of plotting the forecast line back on the chart to check it you won't go far wrong. 👍