The Multiple Regression Analysis and Forecasting template enables the confident identification of value drivers and forecasting business plan or scientific data. The multiple regression process utilizes commonly employed statistical measures to test the validity of the analysis and results are summarized in text form to be easily understood. When predictive relationships have been identified by the feature selection and regression analysis, forecasting can be quickly accomplished based on a range of available methodologies and accompanying statistical strength. An intuitive stepwise work flow enables to develop strong forecasts for projects in a timely manner. The Multiple Regression Analysis and Forecasting model provides simple and flexible input with integrated help icons to facilitate utilization. Results and statistics are explained in a user friendly manner to be understood by users of all levels of statistical expertize. The Multiple regression analysis and forecasting template provides much more functionality than the Excel Analysis Toolpak such as individual regression of all independent variables, the actual level of confidence for the results, and tests of for autocorrelation and multicollinearity. The forecasting process provides options to employ 3rd polynomial, 2nd polynomial, exponential or linear trend lines on independent variables as well as the option to override independent variable forecast data with external analysis. The Multiple Regression Analysis and Forecasting template is compatible with Excel 97-2013 for Windows and Excel 2011 or 2004 for Mac as a cross platform regression and forecasting solution.
What is new in this release:
Compatible with Excel 2016.
What is new in version 3.0:
No limit to the number of independent variables or observations for analysis. Automatic and configurable feature selection to remove multicollinearity and best fit predictive equation. Much faster processing of data due to complete recoding of calculations. Support for categorical and logistic/binary text based variable types. Save as XLSM feature for recent versions of Excel and enhanced exporting functions.
Microsoft Excel 97 or higher