So I am trying to calculate the % of the audience that cancelled at an event a year ago to predict how many will cancel this year. I have two formulas and am not sure which one is most accurate.
I had 696 total people registered to attend and 161 of them cancelled. Is the proper way to calculate the % of the audience that cancelled to divide 161 from the 696 total? Or do I subtract 161 from 696 and then divide 161 from 696 (535)?
Thanks in advance to anyone who can help with this!