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VIDEO ONE: BUILDING A ROLLING FORECAST IN EXCEL
Danielle Stein Fairhurst of Plum Solutions demonstrates how to build a rolling forecast, including dynamic formulas and dynamic seasonal linear trends (using FORECAST functions). Danielle also shares her excel file to download for your own use.
Easy helps and hacks for your FP&A life, from AFP.
We know that the world does not stop at the end of calendar year, and that updating models is both a significant effort and risk factor.
- Building a rolling forecast can help you to reset your model to focus on time periods without using Lookup functions or adding infinite columns.
- Dynamic formulas make your models flexible and changeable and can save you time while decreasing model risk.
- Automated forecasting tied to rolling forecasts provides a view to any period. In addition, it creates a baseline, “naïve forecast” to compare actual results versus business projections.
- Graphically integrating actuals, budget and forecast can help to deliver your finance message.