Explanation

The Forecast Sheet uses historical time-based data to create forecast values and a forecast chart.

Example Data

Month

Sales

Jan-2026

50000

Feb-2026

55000

Mar-2026

59000

Apr-2026

63000

May-2026

68000

Jun-2026

72000

Historical Data

Historical data is the existing data used to estimate future values.

For forecasting, the dataset should have a consistent timeline such as:

  • Daily
  • Weekly
  • Monthly
  • Quarterly

Creating a Forecast Sheet

Basic process:

  1. Select historical date/time and value columns.
  2. Go to Data → Forecast Sheet.
  3. Choose a chart type.
  4. Set the forecast end point and available options.
  5. Create the forecast.

Excel creates forecast values and a chart based on the historical series.

Practice

Create a monthly sales dataset and generate a Forecast Sheet for future periods.

Detailed forecasting will be covered separately in Topic 26 — Forecast Sheet.