Forum Discussion
jacquelineneo14
1 year agoNew Member
Linear Forecasting
Hi, I want to forecast linearly using the average nett hire for the next 10 years or so. However, i am faced with an issue. I would like to find out why after Feb 2526 my data does not continue to ...
- Anonymous1 year ago
Hi jacquelineneo14 ,
Thanks lbendlin for the quick reply and solution. I have some other ideas to add:
1. Calculate the Average Net Hire:
AverageNetHire = AVERAGE(Table[NetHire])2. Create a Date Table:
Ensure you have a date table that covers the forecast period.3. Calculate the Forecast:
Forecast = VAR LastHistoricalDate = MAX(Table[Date]) VAR ForecastPeriod = 120 // 10 years * 12 months RETURN IF( Table[Date] > LastHistoricalDate, [AverageNetHire] * (DATEDIFF(LastHistoricalDate, Table[Date], MONTH) + 1), BLANK() )For more details, please refer:
Implementing linear regression in Power BI - SQLBI
Adding Trend Lines & Forecasts in Power BI - GeeksforGeeks
Best Regards,
Neeko Tang
If this post helps, then please consider Accept it as the solution to help the other members find it more quickly.
lbendlin
Super User
1 year agoAny reason for not using LINESTX() ?
To report on things that are not there ( for example future dates) you may need to use disconnected tables.