Under the Output Range box, select the cell where you want to see the result. This 0.9 is called the damping factor, which is equal to the 1- α. In the Damping Factor box, enter the value 0.9. Under the Input Range box select, the Price values range from C4:C15. A dialog box appears for the Exponential Smoothing method. Click on the Exponential Smoothing option from the list of options and then click on OK as shown below. It will open a dialog box Data Analysis options. Click on the Data Analysis option under the Analysis section, as shown in the below screenshot. For Exponential Smoothing to this time series data, follow the below steps: We have assigned the number to the month period. You can download this Exponential Smoothing Excel Template here – Exponential Smoothing Excel Template Exponential Smoothing Forecasting – Example #1īelow we have given a month-wise price list. Let’s understand the working of forecasting Exponential Smoothing in Excel with some examples. How to Use Exponential Smoothing in Excel?Įxponential Smoothing in Excel is very simple and easy to use. The above steps will add the Data Analysis section for statistical analysis under the DATA tab. Tick on the Analysis Toolpak checkbox and then click on OK, as shown in the below screenshot. (However, Excel Add-Ins is by default selected) 
Select the Excel Add-Ins options under Manage Box and click on the Go button as shown in the below screenshot. Click on the Add-Ins tab, as shown in the below screenshot. It will open a dialog box for Excel Options. Click on the OPTIONS tab in the left pane window. To add this feature in Excel, follow the below steps: We need to add this feature in Excel for analyzing business by using Excel Add-Ins. 
Steps to load the Analysis ToolPak add-in: Before using this first, we need to load it. This add-in is not loaded automatically on excel. The Analysis ToolPak is a Microsoft Excel data analysis add-in. It is found under Analysis ToolPak in Excel. Where is the Exponential Smoothing found in Excel? Excel functions, formula, charts, formatting creating excel dashboard & others
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