Question

To insert into a chart a trendline that forecasts future trends in Microsoft Excel, what would you typically do?

A) Select the "Data Analysis" tool

B) Use the "Forecast" function in the "Formulas" tab

C) Right-click on the data series and choose "Add Trendline"

D) Access the "Scenario Manager" in the "Data" tab

Answer 1

To forecast future trends with a trendline in Excel, right-click on the chart's data series and select "Add Trendline." This opens options for customizing the trendline's type and forecasting settings directly within the chart.

Step-by-step explanation:

To insert a trendline that forecasts future trends in Microsoft Excel, one would typically perform the following steps:

• First, ensure that the data series is plotted on the chart.
• Once the data series is visualized, you can then right-click on the data series within the chart.
• From the right-click context menu, you would choose the "Add Trendline" option.
• After selecting "Add Trendline," Excel provides various options for the trendline, including setting it as linear, exponential, or another type based on the data pattern. It also allows for options such as extending the trendline forward to forecast future trends.

Option C) Right-click on the data series and choose "Add Trendline" is the correct approach to adding a trendline for forecasting in Microsoft Excel. This method does not involve the "Data Analysis" tool or "Scenario Manager," nor does it require a formula from the "Formulas" tab. It's a direct action performed within the chart itself.