Showing posts with label Help with Excel Spreadsheets. Show all posts
Showing posts with label Help with Excel Spreadsheets. Show all posts
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Every business needs to have a proper future planning in order to grow and prosper in a good manner. Though none of us can have an idea about what lies in future, still making no efforts for future will only lead to a sure failure. Forecasting is used in various departments in the organization such as finance, sales, manufacturing and so forth.Creating forecastscan be very cumbersome process. Unless you have a computer software that automatically forecasts for you, Excel has great features allows you to forecast.
1. Traditional Methods: Traditional methods are the most effective methodologies of forecasting.
- Annual Forecasting: Variance is spread proportionally on a month to month basis for the remainder of the year.
- Monthly Forecasting: Current variances are assumed to be permanent and remain in the predicted figures.
- Quarterly Forecasting: Variance is spread proportionally within the quarters in the future.
- Run Rate Forecasting: Run rate is basically average and your data is divided by the number of periods.
2. Quantitative Methods: With Time Series Methodslooks at variable and collect the data from different time intervals.
- Moving Average: Model moves one period each time and it uses the most recent value.
- Exponential Smoothing: Exponential Smoothing is used for short term predictions. More weight is applied to most recent observations.
- Linear Trend Analysis: This model simply estimates the future values based on various kinds of trends or seasonal patterns in our data by using best-fit straight line.
When these calculations are done in the right way through right tools, the results are marvelous and accurateforecasts. Please visit Excel Dummies for to learn more about Forecasting Techniques and Data Analysis in Excel.
Tuesday, 28 February 2012
Labels:
Excel if Formula,
Excel Video Tutorial,
Excel vlookup Formula,
Help with Excel Spreadsheets,
Moving Average Sales Forecast,
Online Excel Training,
Pivot Tables Excel,
Sales Forecasting Excel
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Although many people know how to use excel, not many people know how to use pivot tables. Pivot table is one of the most powerful tools when doing an analysis in Excel. Pivot Tables allow you to manipulate the data the way you want to see the results.
Pivot Tables allow users summarize large data, sort, count, filter items, switch rows and columns, drag and drop fields of the data which is stored in another source – another one table or spreadsheet anything you want. You can arrange the results based on the way you want to display. When you analyze large amounts of data, with Pivot Tables you can look at the same information in many different ways. How you organize and group the data often determines whether you find or overlook important trends.
Excel Dummies covers creating and using a Pivot Table to extract different information from one data sample.
The Steps that are covered are:
- Introduction to Pivot Tables
- Creating a Pivot Table
- Pivoting a Pivot Table
- Sorting and Filtering Data in Pivot Table
- Grouping Data in Pivot Table
- Calculations in Pivot Tables
- Updating a Pivot Table
- Pivot Table Charts
As an example, to see the steps for grouping data in all fields, or a single field, please watch the FREE Excel Pivot Table Grouping Data video tutorial by Excel Dummies. The tutorial teaches how to group the dates by month, and again, the grand totals are automatically calculated. Click here.
Excel Dummies tells you about several tips which will assist you in availing better usability and help with Pivot Tables.
If you’d like to learn more about Pivot Tables, please visit http://www.ExcelDummies.com for more information.
Monday, 27 February 2012
Labels:
Excel if Formula,
Excel Video Tutorial,
Excel vlookup Formula,
Help with Excel Spreadsheets,
Online Excel Training,
Pivot Tables Excel,
Sales Forecasting Excel