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Percent Change between two estimates with margin of error

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BxWill

MIS
Mar 30, 2009
367
US
Timely insight needed to create a formula to calculate the percent change between two estimates that also should consider the margin of error for each estimate. I am told that the estimates are for two non-overlapping time periods.
The MS Excel 2016 worksheet include the following seven columns;

Confidence Level: 90%

Current Estimate: 79,201
Margin of Error_Current Estimate: 3230
Standard Error_Current Estimate: 1963.53 (Margin of Error_Current Estimate/1.645)

Prior Estimate: 55,055
Margin of Error_Prior Estimate: 2714
Standard Error_Prior Estimate: 1649.85 (Margin of Error_Current Estimate/1.645)

Usually, I will calculate the Percent Change between two numbers as (Current Estimate - Prior Estimate)/Prior Estimate or 44%

But, for this case, it appears that I am dealing more with statistics and sampling. Therefore, it appears that I need to incorporate the standard of errors for each estimate. In essence, standardizing each estimate prior to calculating a percent change between the two estimates from non-overlapping time periods.

If so, any insight as to a formula within MS Excel 2016 that will calculate the percent change in such a scenario?

 
What meaning do you seek?

Didn't the prior estimate become an actual value along the way?

Wouldn't it be more meaningful to compare estimates against actual values rather that other estimates?
 
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