Explanation

Forecast Sheet is an Excel tool used to estimate future values based on historical, time-based data.

It is useful for:

• Sales forecasting
• Revenue planning
• Inventory planning
• Customer demand analysis
• Budget forecasting

Go to:

Data → Forecast Sheet

Excel uses historical time-series data to create a forecast and can display the results as a line chart.

Example

Historical monthly sales:

You can use this historical data to estimate future sales.

Practice

Create a six-month sales dataset and identify the time and value columns.