Drastically shorten your training time with WalkMe's advanced online training solution that Guides your trainees to action. Forget about retraining and skyrocket knowledge retention rates.
Course Of The Month
5 days, 14 hours left to enrollBecome a Premium Member and unlock a new, free course in leading technologies each month.
Solved
Forecasting growth of product
Posted on 2013-01-02
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?
[X]
Welcome to Experts Exchange
Add your voice to the tech community where 5M+ people just like you are talking about what matters.
- Help others & share knowledge
- Earn cash & points
- Learn & ask questions
2 Comments
Hi yes try the FORECAST equation first in Excel, it is a linear approach. If you want visuals then a simple scatter plot by month with a trend line (linear, binomial, polynomial etc) will work fine. If you like to send some sample data through I can send you back up a suitable chart.
Hope that helps
...Terry
Hope that helps
...Terry
Featured Post
Question has a verified solution.
If you are experiencing a similar issue, please ask a related question
Freeze panes is an option within all variants of Excel to enable parts of a sheet to remain stationary when the cursor is in another part of the sheet. This is a very useful feature which is overlooked or under used.
This article describes how you can use Custom Document Properties to store settings and other information in your workbook so that they will be available the next time you open the workbook.
This Micro Tutorial demonstrates how to create Excel charts: column, area, line, bar, and scatter charts. Formatting tips are provided as well.
Suggested Courses
Course of the Month5 days, 14 hours left to enroll
707 members asked questions and received personalized solutions in the past 7 days.
Join the community of 500,000 technology professionals and ask your questions.