GROWTH function
This article describes the formula syntax and usage of the GROWTHfunction in Microsoft Excel.
Description
Calculates predicted exponential growth by using existing data. GROWTH returns the yvalues for a series of new xvalues that you specify by using existing xvalues and yvalues. You can also use the GROWTH worksheet function to fit an exponential curve to existing xvalues and yvalues.
Syntax
GROWTH(known_y's, [known_x's], [new_x's], [const])
The GROWTH function syntax has the following arguments:

Known_y's Required. The set of yvalues you already know in the relationship y = b*m^x.

If the array known_y's is in a single column, then each column of known_x's is interpreted as a separate variable.

If the array known_y's is in a single row, then each row of known_x's is interpreted as a separate variable.

If any of the numbers in known_y's is 0 or negative, GROWTH returns the #NUM! error value.


Known_x's Optional. An optional set of xvalues that you may already know in the relationship y = b*m^x.

The array known_x's can include one or more sets of variables. If only one variable is used, known_y's and known_x's can be ranges of any shape, as long as they have equal dimensions. If more than one variable is used, known_y's must be a vector (that is, a range with a height of one row or a width of one column).

If known_x's is omitted, it is assumed to be the array {1,2,3,...} that is the same size as known_y's.


New_x's Optional. Are new xvalues for which you want GROWTH to return corresponding yvalues.

New_x's must include a column (or row) for each independent variable, just as known_x's does. So, if known_y's is in a single column, known_x's and new_x's must have the same number of columns. If known_y's is in a single row, known_x's and new_x's must have the same number of rows.

If new_x's is omitted, it is assumed to be the same as known_x's.

If both known_x's and new_x's are omitted, they are assumed to be the array {1,2,3,...} that is the same size as known_y's.


Const Optional. A logical value specifying whether to force the constant b to equal 1.

If const is TRUE or omitted, b is calculated normally.

If const is FALSE, b is set equal to 1 and the mvalues are adjusted so that y = m^x.

Remarks

Formulas that return arrays must be entered as array formulas after selecting the correct number of cells.

When entering an array constant for an argument such as known_x's, use commas to separate values in the same row and semicolons to separate rows.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How do I copy an example?

Select the example in this article.
Important Do not select the row or column headers.
Selecting an example from Help

Press CTRL+C.

In Excel, create a blank workbook or worksheet.

In the worksheet, select cell A1, and press CTRL+V.
Important For the example to work properly, you must paste it into cell A1 of the worksheet.

To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the Formulas tab, in the Formula Auditing group, click the Show Formulas button.
After you copy the example to a blank worksheet, you can adapt it to suit your needs.
This example uses the same data as the LOGEST example. The first formula shows corresponding values to the known values. The second formula predicts the next months values, if the exponential trend continues.


Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the range C2:C7 or B9:B10 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array formula, the single results are 32618.20377 and 320196.7184.