Weighted least squares linear regression in excel?
I want to draw a best fitting straight line through a cloud of data points by least squares linear regression, but I want to weigh the error between the straight line and actual data points for more distant points exponentially less heavily than for the most recent point.
As far as I know, excel doesn't have this function built-in, does anyone have any creative ideas on how to overcome this manco?
Thanks a lot!
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