Sales Forecast
Errata....
I wrote:
Do you mean that total sales increases 5% per year, and you want to
apply the monthly rate equally to each month (surprise!) so that you
get a 5% annual increase?
In that case, the monthly rate can be computed as (in A1, for example):
=rate(12, 0, -1, 1+5%)
On second thought, that does not result in a 5% annual increase. It is
nonsense in this context. Sorry.
Or do you mean that you want a year-over-year increase of 5% applied to
each month?
That results in a total 5% annual increase.
The total forecast for the year is simply SUM(C1:C12).
..... Which is all you wanted.
The annual
percentage increase of total sales is (formatted as Percentage):
=sum(C1:C12) / sum(B1:B12) - 1
This is necessary only if you want to account for any anomaly caused by
rounding.
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