EXCEL GROWTH FUNCTION

The Excel Growth function computes the exponential growth curve using a specified set of y-values and (optionally) one or more sets of x-values. The function then extends the curve to generate further y-values for a fresh set of x-values given.

Syntax :

=GROWTH( known_y’s[known_x’s][new_x’s][const] )

Parameters :

The following parameters are :

  • Known y’s – A collection of known y-values.

 

  • Known x’s – A collection of known x-values. This is an optional parameter of one or more x-value arrays. If supplied, the length of the [known x’s] should be the same as the length of the collection of known y’s. If not specified, the collection of [known x’s] assumes the value 1, 2, 3,…

 

  • New x’s -A list of new x-values for which the function computes new y-values. If omitted, the function assumes that the set of [new x’s] is the same as the set of [known x’s], and returns the y-values that are on the estimated exponential growth curve.

 

  • Const -An optional logical argument indicating whether the constant ‘b’ in the equation y = b * mx should be forced to equal 1.
    If [const] is TRUE (or omitted), the constant b is treated normally; if [const] is FALSE, the constant b is set to 1, and the equation becomes y = mx.

Step By Step Guide of GROWTH Function

Example :

Excel may then use the exponential growth curve equation to determine the new y-values for the specified new x-values in cells A8-A10. In this example, the [new x’s] values are saved in cells A8-A10, and the Excel Growth function is typed in cells B8-B10. The formula for this is: =GROWTH, as displayed in the formula bar ( B2:B5, A2:A5, A8:A10 )

  • #REF!-Occurs if the length of the [known x’s] array differs from the length of the known y’s array.
  • #NUM! – Occurs if any of the known y’s array values are less than or equal to 0.
  • #VALUE! – Occurs if any of the known y’s, [known x’s], or [new x’s] array values are non-numeric.

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