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Forecasting growth of product
Hello
We have a software application that is used within our organisation named TRACKER. We recently rolled this out globally and the uptake has been good.
I have numbers on the amount of users "purchasing" this software internally over the last 6 months.
What I'd like to do is somehow forecast, based on the current growth, what number of users will be using this software in another 6 months, 12 months etc.
I'm not sure how I can do this, can anyone advise? I was thinking at the most basic level, Excel 2007 must have some feature?
We have a software application that is used within our organisation named TRACKER. We recently rolled this out globally and the uptake has been good.
I have numbers on the amount of users "purchasing" this software internally over the last 6 months.
What I'd like to do is somehow forecast, based on the current growth, what number of users will be using this software in another 6 months, 12 months etc.
I'm not sure how I can do this, can anyone advise? I was thinking at the most basic level, Excel 2007 must have some feature?
Project ManagementMicrosoft Excel
Last Comment
Ryan
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You can create a line/scatter graph in excel with weekly, or monthly totals. Then create a trend line(choose linear or exponential most likely), and use the forecast on that. 6 month Data points won't give you much, but 24weeks should.