Average Deposit Formula

lucky_5008

New Member
Joined
Sep 17, 2020
Messages
4
Office Version
  1. 2010
Platform
  1. Windows
I am working in an financial institution. I have given yearly targets for "Average Deposits" and my company share daily progress in which they show me my progress.
Please tell such formula in which I can calculate figures.
Example.

I have Target for year to maintain average deposits $500 Million at year end.

Today I received my progress in which averages deposits was $300 M & Yesterday It was $310 M. It changes on daily basis.
I want to calculate that How much deposit is required to achieve my target of "averages"?

I have the following data:
Date:
Total Deposit:
Total Average till that specific date:
Year End Target of averages:
 

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pedro-egoli

Well-known Member
Joined
Apr 25, 2004
Messages
1,217
Office Version
  1. 2016
Platform
  1. Windows
Here is a pretty basic sheet, which I am sure can be improved on
Book1
ABCDE
1TARGET ($M)
2$500ACTUAL ($M)AVERAGEOVER/UNDER BUDGET
31/09/2020$450$450-$50
42/09/2020$550$500$0
53/09/2020$600$533$33
64/09/2020$400$500$0
75/09/2020$450$490-$10
86/09/2020$700$525$25
97/09/2020$600$536$36
108/09/2020$700$556$56
Sheet1
Cell Formulas
RangeFormula
D3D3=AVERAGE(C3)
E3:E10E3=D3-$A$2
D4D4=AVERAGE(C3:C4)
D5D5=AVERAGE(C3:C5)
D6D6=AVERAGE(C3:C6)
D7D7=AVERAGE(C3:C7)
D8D8=AVERAGE(C3:C8)
D9D9=AVERAGE(C3:C9)
D10D10=AVERAGE(C3:C10)
 

pedro-egoli

Well-known Member
Joined
Apr 25, 2004
Messages
1,217
Office Version
  1. 2016
Platform
  1. Windows
Is it possible to simplify the suggested method by having a moving average just in one cell as data in column C is entered?
Just for my education thanks
 

lucky_5008

New Member
Joined
Sep 17, 2020
Messages
4
Office Version
  1. 2010
Platform
  1. Windows
Here is a pretty basic sheet, which I am sure can be improved on
Book1
ABCDE
1TARGET ($M)
2$500ACTUAL ($M)AVERAGEOVER/UNDER BUDGET
31/09/2020$450$450-$50
42/09/2020$550$500$0
53/09/2020$600$533$33
64/09/2020$400$500$0
75/09/2020$450$490-$10
86/09/2020$700$525$25
97/09/2020$600$536$36
108/09/2020$700$556$56
Sheet1
Cell Formulas
RangeFormula
D3D3=AVERAGE(C3)
E3:E10E3=D3-$A$2
D4D4=AVERAGE(C3:C4)
D5D5=AVERAGE(C3:C5)
D6D6=AVERAGE(C3:C6)
D7D7=AVERAGE(C3:C7)
D8D8=AVERAGE(C3:C8)
D9D9=AVERAGE(C3:C9)
D10D10=AVERAGE(C3:C10)


Thanks for your help.
I have used this formula but a little more help required here.
I am calculating Average since January and it is difficult for me to enter all these figures so I just consider Pick up average of Each month and consider it for the entire month but its end result is not accurate. Please look this screen shot and guide for correction.
 

lucky_5008

New Member
Joined
Sep 17, 2020
Messages
4
Office Version
  1. 2010
Platform
  1. Windows

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Screenshot_20200919-174054_1.jpg
 

lucky_5008

New Member
Joined
Sep 17, 2020
Messages
4
Office Version
  1. 2010
Platform
  1. Windows
Is it possible to simplify the suggested method by having a moving average just in one cell as data in column C is entered?
Just for my education thanks

How can I use Moving Average formula...???
 

pedro-egoli

Well-known Member
Joined
Apr 25, 2004
Messages
1,217
Office Version
  1. 2016
Platform
  1. Windows
Lucky_5008 I don't know if you can use Moving average formula .
Just for my info I was asking forum members if there was a way (formula/code) to streamline my formula which needed to be input every day.
I enquired if there was a formula/code that could streamline my formula so that the moving average was shown in one cell
 

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