Whether the link between a measure of activity (x) and an output Linear regression is a statistical tool that can help determine To follow the analysis of Dave's BBQ,ĭownload the illustration file with the online version of this article See the sidebar "Accessing Regression Tools in ExcelĢ007" for directions. The toolsįunction much the same way in Excel 2007, but accessing them is slightlyĭifferent. The screenshots demonstrate the tools in Excel 2003. Regression (for more details, see box, "Further Reading.") The discussion below assumes a basic understanding of linear Use Excel for forecasting-not to teach forecasting or regressionĪnalysis.
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The purpose of this article is to demonstrate how to This article guides you through the process of using one of these tools, Your financial forecasts and make the budgeting process more efficient. The use of regression analysis can significantly enhance the accuracy of However, several tools in Excel are readilyĪccessible and easy to use to help with forecasting revenues and costs. Creating financial forecasts from historical data can beĭaunting for managers. Then use the information to help forecast sales revenue for future Revenue, but you need to measure the strength of that relationship and Seems reasonable that advertising, at least in part, drives sales
His CPA, to help him determine the link between the two. Spent as well as sales revenue from the restaurant and has come to you, Dave has weekly data on advertising dollars Interested in determining the effect on sales revenue of certainĪdvertising strategies. Your client, Dave's BBQ, a local independent restaurant, is
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MLA style: "Forecasting with Excel: regression analysis can help predict revenues and costs." The Free Library.
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