Syntax :
=FORECAST.ETS( target_date, values, timeline, [seasonality], [data completion], [aggregation] )
Parameters :
target date –
values –
Timeline –
[seasonality] –
[seasonality] | Algorithm |
---|---|
0 | No seasonality (i.e. use the linear algorithm for the forecast). |
1 (or omitted) | Automatically calculate the seasonality and use positive, whole numbers for the length of the seasonal pattern. |
integer ≥ 2 & ≤ 8784 | Use patterns of this length as the seasonality. |
[data completion] –
[data completion] | Algorithm |
---|---|
0 | Treat missing points as having the value zero. |
1 (or omitted) | Calculate the value for missing points to be the average of the neighbouring values. |
[aggregation] –
[aggregation] | Aggregation Method |
---|---|
1 (or omitted) | Average |
2 | Count |
3 | Counta |
4 | Max |
5 | Median |
6 | Min |
7 | Sum |
Example :
The spreadsheet on the right displays a series of monthly earnings from January 2015 to April 2017. The following values are presented in the chart:
Forecast in Excel.
The Ets function may be used to forecast the value of profits in May 2017, as seen below:
This gives the result 1461.632054.
The target date, May-2017, is stored in the sample spreadsheet’s field A30.
Although the timeline array (stored in the sample spreadsheet’s cells A2:A29) is arranged chronologically, this is not required for the Forecast.
Ets is a function.
The [seasonality], [data completeness], and [aggregation] inputs have been left out of the function, therefore the default values are used.
(For example, [seasonality] = 1, [data completeness] = 1, and [aggregation] = 0).
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