In other words, the slope is the measure of steepness. Slope measures the change of a dependent variable in respect to the change of an independent variable. So, today let’s learn how to find slope of trendline in excel.
That relationship can be determined by the slope of the trendline. There is another use of the trendline, you can use your expected value of the independent variable and get an assumed or estimated dependent variable.įor example, you expect that the sales of ice cream will go down in winter by 30%, you can use that estimation to get the expected revenue from a trendline.Ī trendline can also be used to determine the relationship between the dependent and independent variables. Trendlines are used to forecast a certain phenomenon by evaluating a historical dataset. The line that forecasts in excel is called a trendline. The software can also be used to visualize errors and forecasts.
We all know how excel can be used to visualize data through graphs and charts.
