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Ideas for averages

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  1. #1
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    Ideas for averages

    I need some ideas on how to calculate incremental estimates...
    For example, monthly consumption of units or whatever:

    Month 1=150
    Month 2=200 (200-150=50)
    Month 3=215 (215-200=15)
    Month 4 estimate = 247 (215+((50+15)/2))

    I would like to keep two tables, one with actual and other with estimates and with the estimates updating as the actuals are entered.

    So if Month 4 happens to be 270, estimate for Month 5 is 310.

    I can do that with having a hidden table calculating the differences between previous months, etc but maybe there's a better way!

  2. #2
    Forum Expert shg's Avatar
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    Re: Ideas for averages

    Maybe ...

    Row\Col
    A
    B
    C
    D
    1
    Month
    Actual
    Fcst
    2
    1
    150
    3
    2
    200
    4
    3
    215
    250.0
    C4: =FORECAST(A4, B$2:B3, A$2:A3)
    5
    4
    253.3
    6
    5
    285.8
    Entia non sunt multiplicanda sine necessitate

  3. #3
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    Re: Ideas for averages

    TBH - I haven't used FORECAST function before but I can learn I did have a look at it before but not sure it was clicking... still doesn't fully.
    Whatever in the formula for Column A - how's that used? I don't have a column A, I have one with months (Jan, Feb, Mar, etc) and for A4 I could use ROW, but for the last part A$2:A3 I don't know how it'd work.

    TY!

  4. #4
    Forum Expert shg's Avatar
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    Re: Ideas for averages

    Without col A:

    Row\Col
    A
    B
    C
    1
    Actual
    Fcst
    2
    150
    3
    200
    4
    215
    250.0
    B4: =FORECAST(ROW(), A$2:A3, ROW(A$2:A3))
    5
    253.3
    6
    285.8

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