FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -What software is best for financial modeling? Forecasting a company’s operations into the future can be very complex. Each business is unique and requires a very specific set of assumptions and calculations. Excel is used because it is the most flexible and customizable spreadsheet tool available.

Detailed explanation-2: -The findings from a sales trend analysis are used to predict future revenue and potential changes in performance. Trend analysis is important because it gives companies insight into short and long term performance.

Detailed explanation-3: -Sales forecasting is the process of estimating future revenue by predicting the amount of product or services a sales unit (which can be an individual salesperson, a sales team, or a company) will sell in the next week, month, quarter, or year.

Detailed explanation-4: -Straight-Line Method (aka Historical Growth Rate) This is the simplest of all the methods to calculate future sales and factor any growth into the equation. Straight-line forecasting is sometimes referred to as the historical growth rate and can give you a rough look at where sales will be based on past growth rate.