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Forecasting using Trend Function Need to Update Each month with New Actuals

Latest post Tue, May 6 2008 1:06 PM by SCMcManus. 2 replies.
  • Thu, May 1 2008 3:04 PM

    • SCMcManus
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    Forecasting using Trend Function Need to Update Each month with New Actuals

     I have over 25 products where I have 2 years of monthly history and I am using the Trend Array function to forecast the next year.  Every month I have a new month of data to add at the end of my actuals where the Trend funtion is located. How can I add my new month of data and not have to create 25 new trend array functions.

     SCMcManus

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  • Mon, May 5 2008 3:09 AM In reply to

    • Nick Hodge
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    Re: Forecasting using Trend Function Need to Update Each month with New Actuals

     Not sure how your Trend functions are already built, but can you use a named range and then you just need to expand that or you could use a OFFSET(....COUNTA....) function in the named range to 'auto-expand' the range. A little like this

    http://www.contextures.com/xlNames01.html

     

    Regards
    Nick Hodge
    Microsoft MVP, Excel
    Southampton, UK

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  • Tue, May 6 2008 1:06 PM In reply to

    • SCMcManus
    • Top 100 Contributor
    • Joined on Thu, May 1 2008
    • NC
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    • Points 63

    Re: Forecasting using Trend Function Need to Update Each month with New Actuals

     Thank I think that will work.

     SCMcManus

    • Post Points: 5
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