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Statistical function
FORECAST.ETS.STAT
Returns a statistical value from an exponential smoothing forecast, like the smoothing parameters or error measures.
Rarely usedDifficulty 1550 · AdvancedUsage rank #442 of 520
When to use it
A statistic from the exponential smoothing model: 1 alpha, 2 beta, 3 gamma, 4 MASE, 5 SMAPE, 6 MAE, 7 RMSE, 8 step size.
The shape of it
- Syntax
=FORECAST.ETS.STAT(values, timeline, statistic_type, ...)
Worked examples
Alpha
=FORECAST.ETS.STAT(B2:B37,A2:A37,1) → 0.75
Alpha: how much weight the model gives recent values.
RMSE
=FORECAST.ETS.STAT(B2:B37,A2:A37,7) → 58.2
RMSE of the fit in the data's units.
SMAPE
=FORECAST.ETS.STAT(B2:B37,A2:A37,5) → 0.047
SMAPE: about 4.7% average error.
Worth knowing
- Compare RMSE (7) across seasonality settings to choose the best model.
- The Forecast Sheet tool shows these in its statistics table.
- Statistic 8 is the detected timeline step.
Where it goes wrong
- #NUM! for a statistic type outside 1 to 8.
- Timeline must be regular.
Related
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