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Sales Forecasting tool

                    Easy and Simple tool




www.LCDing.Com
Forecasting tool
 There are many methods of forecasting sales

 This can be a small handy tool for you to forecast
 sales using trendlines in excel

 Download excel by clicking the link here!
 or , access @downloads on my blog LCDing
How to use the tool ?
 First read “Readme” sheet in excel. If it makes sense
 , try it!

 What you need is at least 2-3 years of monthly data
 to forecast – the more the merrier!

 Follow 3 simple steps
Step 1

Just input first month of the past
sales data you have in the format
mmm-yyyy in the cell E10
e.g: January 2006 as Jan-2006

Rest of the months‟ names are
automatically generated
Step 2
First delete dummy data
given in the worksheet in
column F from F10 to F81

Now,input sales from cell
F10 …till the present month
(maximum of 180 Months)

As the number of cells in the
column taken for
computations are 192, some
cells in the column may be
found empty. Leave them as
it is…

One Last step to read the
forecast of sales!
Step 3




Bingo!
Forecasts
are here!
Caution !
 Forecasting works on a principle that the future will be like
 present ( Similar conditions may prevail ! )

 The hope is that near future is not going to be radically
 different!   ( However, who can predict economic meltdowns and Tsunamis ? )


 It is idiocy to forecast sales of next 5 Years when you are not
 sure about the present month sales.

 Forecasts of distant months (more than 12 Months) could go
 grossly wrong.

 Despite all, you may find the tool useful !!!
The „How‟ of this tool ..


Best fit Trendline and
seasonal indexing is
used for forecasts.

Test the strength of other
trendlines using the
dropdown option here.

Seasonal Variations are
automatically
computed to give “Final
Forecast with Seasonal
Trend”
This is Group &
                     Ungroup button




 If want to check How data is getting
populated - click the grouping button


             “+”
This is where the computations are done for various trendlines
Here are the formulae at the bottom of the sheet
www.LCDing.Com

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Sales Forecasting

  • 1. Sales Forecasting tool Easy and Simple tool www.LCDing.Com
  • 2. Forecasting tool There are many methods of forecasting sales This can be a small handy tool for you to forecast sales using trendlines in excel Download excel by clicking the link here! or , access @downloads on my blog LCDing
  • 3. How to use the tool ? First read “Readme” sheet in excel. If it makes sense , try it! What you need is at least 2-3 years of monthly data to forecast – the more the merrier! Follow 3 simple steps
  • 4. Step 1 Just input first month of the past sales data you have in the format mmm-yyyy in the cell E10 e.g: January 2006 as Jan-2006 Rest of the months‟ names are automatically generated
  • 5. Step 2 First delete dummy data given in the worksheet in column F from F10 to F81 Now,input sales from cell F10 …till the present month (maximum of 180 Months) As the number of cells in the column taken for computations are 192, some cells in the column may be found empty. Leave them as it is… One Last step to read the forecast of sales!
  • 7. Caution ! Forecasting works on a principle that the future will be like present ( Similar conditions may prevail ! ) The hope is that near future is not going to be radically different! ( However, who can predict economic meltdowns and Tsunamis ? ) It is idiocy to forecast sales of next 5 Years when you are not sure about the present month sales. Forecasts of distant months (more than 12 Months) could go grossly wrong. Despite all, you may find the tool useful !!!
  • 8. The „How‟ of this tool .. Best fit Trendline and seasonal indexing is used for forecasts. Test the strength of other trendlines using the dropdown option here. Seasonal Variations are automatically computed to give “Final Forecast with Seasonal Trend”
  • 9. This is Group & Ungroup button If want to check How data is getting populated - click the grouping button “+”
  • 10. This is where the computations are done for various trendlines
  • 11. Here are the formulae at the bottom of the sheet