The basic syntax of the GROWTH function is:
=GROWTH(known_y's, [known_x's], [new_x's], [const])
Where:
known_y's: The set of y-values you already know in the relationship y = b*m^x.
known_x's (optional): The set of x-values you already know. If omitted, it assumes the x-values are 1, 2, 3, ...
new_x's (optional): The new x-values for which you want GROWTH to return corresponding y-values.
const (optional): A logical value specifying whether to force the constant b to equal 1.
Follow the steps below to use the GROWTH rate formula in Google Sheets.
Before using the GROWTH function, you'll need two sets of data: the known_y's and the known_x's. For our example, let's predict future sales based on past data:
Let's predict sales for the next 3 years (Years 5, 6, and 7).
In cell A6, enter 5 for year 5, A7 enter 6 for year 6, and in A8 enter 7 for year 7 as the new_x's values.
In cell B6, enter the GROWTH function as follows:
=GROWTH(B2:B5, A2:A5, A6:A8)
Press Enter.
Google Sheets will now display the predicted sales values for years 5, 6, and 7 based on the exponential growth curve fitted from the known data.
We hope that this article has helped you and given you a better understanding of how to use the GROWTH formula in Google Sheets. If you enjoyed this article, you might also like our articles on how to use the check register in Google Sheets and how to make a sunburst chart in Google Sheets.
