Best Way to Forecast with this Data

pplpeople8

New Member
Joined
Dec 1, 2017
Messages
4
Hi -

I need help determining the best way to forecast for the following year end forecast value.

The 'Xs' represent the data I have available to me to leverage. Ideas??? Thanks!!!

Months:123456789101112Total
2018xxxx*FORECAST*
2017xxxxxxxxxxxxx
2016xxxxxxxxxxxxx
2015xxxxxxxxxxxxx

<tbody>
</tbody>
 

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Excel columns run from A to Z, AA to AZ, AAA to XFD. The last column is XFD.

AhoyNC

Well-known Member
Joined
Oct 10, 2011
Messages
4,785
Office Version
  1. 365
Platform
  1. Windows
Re: Best Way to Forecast with this Data - HELP!

Maybe this link on forecasting will help.
With you only showing X for data its hard to give any ideas - is there a trend, is the data seasonal, are the past years representative of this year, etc?

http://highered.mheducation.com/site...01_ch03qxd.pdf
 

pplpeople8

New Member
Joined
Dec 1, 2017
Messages
4
Re: Best Way to Forecast with this Data - HELP!

Hi AhoyNC -

The past years would be representative of this year, but with a greater weight on the most recent months/years.

Regarding trend, there should be some.

The above table would be for one Expense Account. I have this table x 100 Expense Accounts. So I'm trying forecast for each account, which would then supply my TOTAL forecast of all accounts.
 

ELLKK

New Member
Joined
May 13, 2017
Messages
6
Re: Best Way to Forecast with this Data - HELP!

I am guessing you have the data in monthly numbers, right, and want the results in monthly as well? This is a good tool for forecasting, but it breaks it out into weekly and daily numbers so probably wouldn't work for you???
 

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