Forecasting Raw Material Pricing

jjramirez85

New Member
Joined
May 21, 2014
Messages
19
With recent economic and market conditions (eg. tariffs), raw material and commodity prices have fluctuated. Some, such as steel (purchased scrap), have fluctuated significantly.

If I want to use a formula for raw material pricing, does anyone suggested a specific "forecast" formula. I am using data from 2016-2018 and forecasting for Q4 2018 though Q4 2019. Currently, I am using =Forecast( , but I notice there are other options. Which is best for the scenario of raw materials and commodities?

Thanks.
 

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