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jacquelineneo14's avatar
jacquelineneo14
New Member
1 year ago
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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 ...
  • Anonymous's avatar
    Anonymous
    1 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

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