Theory:
=FORECAST(Month Number to predict, Range of sales for prior 12 months, Range of month numbers for the year from 1 to 12)
Sales Table:
A B
1 Month Sales
2 1 2457
3 2 8544
4 3 4145
5 4 6425
6 5 7885
7 6 8643
8 7 2354
9 8 4235
10 9 8664
11 10 4627
12 11 9753
13 12 9999
Example:
=FORECAST(8,B2:B13,A2:A13)
You should open a new excel workbook and populate cells A1 to B13 with the headers and data listed above. Then in a separate cell enter the formula above to see your prediction for the month of August (8).
=FORECAST(Month Number to predict, Range of sales for prior 12 months, Range of month numbers for the year from 1 to 12)
Sales Table:
A B
1 Month Sales
2 1 2457
3 2 8544
4 3 4145
5 4 6425
6 5 7885
7 6 8643
8 7 2354
9 8 4235
10 9 8664
11 10 4627
12 11 9753
13 12 9999
Example:
=FORECAST(8,B2:B13,A2:A13)
You should open a new excel workbook and populate cells A1 to B13 with the headers and data listed above. Then in a separate cell enter the formula above to see your prediction for the month of August (8).
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