The LINEST (or linear estimate) function in Excel sales forecasting uses formulas to calculate a regression equation and related statistics. This chart shows the information the Excel LINEST function will give you:
| Column 1 | Column 2 | |
|---|---|---|
| Row 1 | The coefficient you multiply times the X values | The intercept |
| Row 2 | The standard error of the coefficient | The standard error of the intercept |
| Row 3 | The R-squared value, or coefficient of determination. | The standard error of estimate |
| Row 4 | The F-ratio | The degrees of freedom |
| Row 5 | The sum of squares for the regression | The sum of squares for the residual |
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Source:http://www.dummies.com/how-to/content/the-linest-function-in-excel-sales-forecasting.navId-405656.html
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