I have 2 columns - revenue for yr 1, and revenue for Yr 5. I want to create a beast mode function to calculate the compounded Annual growth rate (CAGR) in beast mode.
I am trying to do this approach but its not working
Power (( 'rev Yr 5' / 'rev Yr 1'), 0.2) -1 but this formula is not working in Power function. I assume the reason is because power function expects a floating point integer value and we cannot pass a division calculation inside a power function?
in excel if I try this the logic is simple- (( 'rev Yr 5' / 'rev Yr 1')^ (1/5)) -1
PS: I am using 0.2 for power function because i am trying to calculate the CAGR for 5 yr hence 1/5 = 0.2