Archives for: February 2015, 20

Difference Between - "Forecast" & "Trend"

Formulas, Arrays
Hi there,   Forecast: It is something which assumes for future. The expectations of future numbers interms of company's growth can be called as Forecast. Trend: It is something which represents for current day. Say the trend of the youth in today's generation is carrying Android Mobiles. Similarly, interms of Excel understanding: Forecast for a single value and trend for multiple values. FORECASTcomputes a single new y value for a single new x value where as TREND is more suited to data points in a series such as a time series, and is capable of computing multiple y values for multiple new x values more »
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