# TREND Function ? Forecast & Extrapolate in Excel

The Trend and Forecasting function calculates a regression line or line of best fit. When applied to a time series, it can forecast future values. This function can be used with a measure and date/time values, or with two measures where each is typically plotted along a separate chart axis.

## What is trend in forecasting?

**the process of researching and formulating predictions on consumers future buying habits**. By identifying the source, tracing the evolution, and recognising patterns of trends, forecasters are able to provide designers and brands with a ‘vision’ of the future.

## How is Trend Forecasting calculated?

## Is trend same as forecast?

**something that relates to the future**.

## What is trend function?

**a Statistical Function that computes the linear trend line based on the given linear set of data**. It 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.

## Why is Trend Analysis important in forecasting?

A benefit of trend analysis is that **it can be replicated, checked, updated and refined to guide strategic planning**. Accurate data analytics can suggest early interest in new products and identify opportunities for business expansion, according to Question Pro.

## How do you do a trend analysis?

- 1 ? Choose Which Pattern You Want to Identify. The first and most obvious step in trend analysis is to identify which data trend you want to target. …
- 2 ? Choose Time Period. …
- 3 ? Choose Types of Data Needed. …
- 4 ? Gather Data. …
- 5 ? Use Charting Tools to Visualize Data.
- 6 ? Identify Trends.

## How do you use trend?

## How do you forecast trends in Excel?

**Follow the steps below to use this feature.**

- Select the data that contains timeline series and values.
- Go to Data > Forecast > Forecast Sheet.
- Choose a chart type (we recommend using a line or column chart).
- Pick an end date for forecasting.
- Click the Create.

## How do you calculate a forecast trend in Excel?

**Here are the steps to follow:**

- Put the X values for which you want predictions in a column of cells, such as B8:B10.
- Select the cells in which you want the predictions displayed; in this example C8:C10.
- Enter the following formula: =TREND(C3:C8,B3:B8,B10:B12)
- Press Ctrl+Shift+Enter to complete the formula.

## What are the 3 types of trend analysis?

**short-, intermediate- and long-term**.

## What are the key elements of trend analysis?

**basic human needs**; change (both longer-term shifts and short term triggers); innovations and can identify points of tension and emerging customer expectations, which are where the key opportunities lie when it comes to consumer trends.

## How do you find trends in data?

**establishing a line chart**. A trendline is the line formed between a high and a low. If that line is going up, the trend is up. If the trendline is sloping downward, the trend is down.

## How do you do a trend analysis of financial statements?

## What is forecast ETS in Excel?

**predicts a value based on existing values that follow a seasonal trend**. FORECAST. ETS can be used to predict numeric values like sales, inventory, expenses, etc.

## How do you forecast using CAGR?

**To calculate the CAGR of an investment:**

- Divide the value of an investment at the end of the period by its value at the beginning of that period.
- Raise the result to an exponent of one divided by the number of years.
- Subtract one from the subsequent result.
- Multiply by 100 to convert the answer into a percentage.