Forecast Data with Seasonality
May 19, 2022 - by Bill Jelen
Problem: Straight-line forecasting won’t work because our sales are seasonal. We sell more near the Christmas holiday and less in the summer.
Strategy: Excel 2016 introduced a new Forecast Sheet command. Select your data with dates and sales. From the Data tab, choose Forecast Sheet. Excel will analyze your data, look for seasonality and produce new cells showing a future forecast and a chart with a confidence interval. The new rows will use new functions such as