In what ways can the Excel forecast tool help determine future base values from knowing the relationship between past values. The table below is an example. If you want to on your own, use the Excel forecast to predict future periods, using the same technique as the example at the URL.

Below you have been given some data over time; conduct asimple regression analysis of the data over time. What isthe trend or message that this data is telling you? What might be missing from this data?

Discuss the function of the following statistical terms. Why are they important?

Line of best fit

R² value

Slope

The following can be used to practice the Excel Regression if you like.