Learn how to forecast home value using Excel.

To make a FORECAST in Excel, you can use the FORECAST function, which predicts future values based on past data. Excel is good for forecasting because it provides various built-in functions and tools for data analysis. The formula for forecasting is =FORECAST(x, known_y's, known_x's), where x is the data point you want to predict, known_y's are the known values, and known_x's are the corresponding time points. To create a predictive model in Excel, you can use the Data Analysis Toolpak or build a regression model with the LINEST function. The forecast sheet option is found under the "Data" tab in Excel, where you can select "Forecast Sheet" to create a visual forecast based on your data.

Predictive model in Excel
How to make a FORECAST in Excel?
Is Excel good for forecasting?
What is the formula for forecasting?
How to create a predictive model in Excel?
Where is forecast sheet option in Excel?

The FORECAST (or FORECAST. LINEAR) function in Excel predicts a future value along a linear trend. The FORECAST. ETS function in Excel predicts a future value using Exponential Triple Smoothing, which takes into account seasonality or aggregation.

ETS. CONFINT function returns a confidence interval for a forecast value at a specific point on a timeline (i.e. a target date or period). It is designed to be used along with the FORECAST. ETS function as a way to show forecast accuracy.

SEASONALITY
Returns the length of the repetitive pattern Excel detects for the specified time series.

STAT
Returns a statistical value as a result of time series forecasting.

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