LINEST is a function in Google Sheets that allows you to use the LINEST() function in Excel. LINEST() is used to calculate the statistical regression coefficients for a linear regression model. The coefficients can be used to predict future values for the dependent variable in the regression model. LINEST() can be used to calculate the coefficients for a single variable regression or a multiple variable regression.
The syntax of LINEST in Google Sheets is very simple. First, you need to enter the data that you want to analyze into two columns in a spreadsheet. Then, you need to enter the following formula into a cell in the spreadsheet: =LINEST(B2:B15,A2:A15)
This will return a result that includes information about the line of best fit for the data in the columns B2 through B15 and A2 through A15.
An example of how to use LINEST in Google Sheets is to first enter the data that you want to analyze into two columns in a spreadsheet. Then, select the cells containing that data and go to the "Formulas" tab and click on "LINEST" under the "Statistical" section. A dialog box will pop up and you will need to enter the following information into the appropriate fields:
-The "Array 1" field will contain the first column of data in your spreadsheet.
-The "Array 2" field will contain the second column of data in your spreadsheet.
-The "Type" field should be set to "Linear."
-The "Output Range" field should be set to the location on the spreadsheet where you want the results of the analysis to be displayed.
After you have entered all of the information, click on the "OK" button and the results will be displayed in the designated location on the spreadsheet.
There are a few occasions when you should not use LINEST in Google Sheets. One is when you have a data set with fewer than five data points. In this case, the function will not be able to calculate a reliable line of best fit. Another time you should not use LINEST is when you have outliers in your data set. If there is a single data point that is far removed from the rest of the data set, it can distort the results of the LINEST function. Finally, you should not use LINEST if you are trying to interpolate data. Interpolation is the process of estimating values between known data points, and LINEST is not designed to do this.
There are a few similar formulae to LINEST in Google Sheets. The first is called TREND. This formula can be used to find the trend of a set of data points. The second is called FORECAST. This formula can be used to predict future values based on a set of data points. The third is called REGression. This formula can be used to find the equation of a line that best fits a set of data points.