how to get the equation of a trendline in excel

Scholarly workĪnother common instance is if you are working on a scholarly article or other academic work. If presenting your graph to a team of investors or strategists, they can use the equation displayed on the chart to make their own forecasts using calculations.

The addition of a trendline to a graph gives your audience an idea of the trajectory of the values, which they can use to make business decisions such as ordering stock, introduction of new products or marketing campaigns and even what times of year are most profitable. Here are some of the most common instances when you may want to add an equation to your Excel graph: Forecasting trendsįor people in fields like business, finance or technology, a common method of predicting performance is by turning data sets into graphs. Related: How To Add a Target Line in Excel (Using Two Different Methods) When to add an equation to a graph in Excel In this article, we discuss scenarios when you may want to add an equation to a graph in Excel, describe why it's important to include supplemental information like equations, list a step-by-step guide for formatting your graph and equation on your own and provide several tips to help create your own graphs with equations using Microsoft Excel. Microsoft Excel is a program that gives users the opportunity to make tables, enter data, organize information and create graphs that correspond with specific equations. Graphs are a common visual aid in the worlds of business, finance and industries where progress and management are a critical part of achieving success.

How to get the equation of a trendline in excel