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Shanan212Flag for Canada asked on

Data Forecasting

Hi,

I have a set of financial data for a company for the past 3 years. The company's most profitable days in a 5-business-day week is Monday (most), Tuesday (next most)....and the Friday being the least profitable day.

However, overall, this balances out (as nearly 70% of the revenues and costs get registered on Monday)

Now the problem is, if a Month ends on a Friday, some of its revenues goes to Mondays and bloats next month's revenues or vice-versa.

How can I create a forecasting model using historic data to see the 'true' revenue vs costs?(calculated of course)
Math / Science

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Shanan212

8/22/2022 - Mon
SOLUTION
aburr

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SOLUTION
TommySzalapski

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Shanan212

Thank you all! I will be using Tommy's suggestion of fiscal quaters if not normalizing weekly data!
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