Forecasting with regression analysis and seasonal adjustment | Free template
Forecasting with regression analysis and seasonal adjustment is a free template to make a sales forecast by performing a regression analysis on the independent variable time and the dependent variable demand or sales and adjust this forecast for seasonal fluctuations.
Forecasting is an art and science used to predict future events. Forecast of demand means an attempt to predict the future demand of the entire company or for individual products, either in volume or in monetary values. Sales forecasts can be made both for shorter and longer periods and provides projections for future demand for the products in the company.
Sales forecasts are very important in the business in order to plan the capacity required to meet future demand. Forecast of demand are not precise but provides the best indication of future sales until the actual demand becomes known. Sales forecasts form the basis of how much production will be, how the company should priorities between different products, the manpower required, how much material to be purchased, how much equipment that is needed and how much capital that is required and more.
This template for sales forecasting with regression analysis and seasonal adjustment contains four worksheets, where basic data is fed into the first and second sheet while the sales forecast is made in fourth worksheet. Time-series analysis means that we assume that the demand or sale depends on the time and that the demand changes with time in trends. In this template there is also a seasonal adjustment, which means that we are taking into account that the demand or sale is different in different months during the year.
You can use this template to make a sales forecast by applying regression analysis with seasonal adjustment and apply the assumptions for time-series analysis.
01/01/2015 | Created by All-templates.biz
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