Forum Discussion
Linear Forecasting
- 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.
Thanks for replying me. I did not use LINEXTX() because I am only using 2024 and thought of using the average nett hire, has some difficulties calculating the slope and intercept.
What do you mean by disconnected tables?
Those are tables that are not connected to any other tables in the data model.