EXCEL LOGEST FUNCTION

The Excel LOGEST function delivers statistical information on the best-fitting exponential curve based on a collection of x- and y-values.

Syntax :

=LOGEST(known_y’s, [known_x’s], [const], [stats])

Parameters :

  • The primary statistical information supplied is an array of constants for the exponential curve equation, mn, mn-1,…, b (or the constants m and b if there is just one range of x-values). You can, however, request that extra regression statistics be supplied.

known y’s – 

  • A collection of known y-values.

[known x’s] –

  • An optional parameter that returns an array containing one or more sets of known x-values.
    If supplied, the [known x’s] array should have the same length as the known y’s array; if not provided, the [known x’s] array assumes the default value of 1, 2, 3.

[const] –

  • A logical argument that specifies how the constant ‘b’ is handled in the exponential curve equation y = b*mx. This parameter might be TRUE or FALSE, which means that
  • TRUE (or omitted) – the constant b is processed normally.
  • FALSE – in the equation y = b*mx, the variable b is set to 1.

[stats] –

  • An optional logical parameter that determines whether the function should return extra regression statistics on the generated curve. This parameter can be TRUE or FALSE, which means: FALSE (or omitted) if more regression statistics are not returned. That is, just return the array of values mn, mn-1,…, b.
  • TRUE – Additional regression statistics ARE RETURNED.

Step By Step Guide of LOGEST Function

Example :

The spreadsheet below has three separate sets of independent variables (known x values) in cells A2-A11, B2-B11, and C2-C11, and columns D2-D11 have the related known y-values. The spreadsheet’s cells F1-H3 display the results of the Excel Logest function, which was used to produce statistical information on the best-fitting exponential curve across these points.
The formula for the Logest function in this example, as displayed in the formula bar, is:

  • #REF! – This error occurs when the array of [known x’s] is not the same length as the array of known y’s.
  • #VALUE! – Occurs if any of the values in the generated [known x’s] or known y’s arrays are non-numeric (this includes text portrayals of numbers, as the Logest function does not recognise the others as numeric values) or if either of the [const] or [stats] objections cannot be assessed to TRUE or FALSE.

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