Help with predictions

Hi, how can I predict the income in the next years if I have this information:
|year|income|
|2005|100|
|2006|245|
|2007|678|
|2008|894|
|2009|1400|
|2010|4500|
|2011|6000|
|2012|5000|
|2013|8000|
Thank yo very much in advanced

Hi @Fer

If this is all the data there is. For a best guess / prediction I would use a linear regression.
Knipsel
See also linear_regression.knwf (23.3 KB)
gr. Hans

2 Likes

Hi there @Fer,

considering your data size and fact you probably have more knowledge (can better explain what impacts your income) than there is in data I would simply predict using that knowledge :smiley:

Br,
Ivan

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