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Answer :
To forecast sales with a 10% yearly increase, enter the formula =B25×(1+$B$15) into cell C25 and copy it across. Absolute cell reference for the growth rate ensures the formula always refers correctly as it is filled to the right.
To forecast future years' sales in Excel based on an expected increase, you can write a formula in cell C25 that takes the first year's sales amount from cell B25 and increases it by the percentage specified in cell B15. The formula you would enter into C25 is =B25×(1+$B$15). To fill this formula across to forecast for future years, you simply drag the fill handle (a small square at the bottom-right corner of the cell) to the right for as many years as you want to forecast.
For example, if B25 contains the value $100,000 and B15 contains 10% (or 0.10), the formula in C25 will give you the sales for the second year. Copying this formula across to the right will continue to apply the 10% growth rate for each subsequent year.
It is important to use absolute cell reference ($B$15) for the growth rate because you want the formula to always refer to the growth rate in cell B15 even as you copy it across to other cells.
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The formula to enter in c25 to fill across to forecast future years' sales is
B25*(1+B15)
Forecasting sales
The ability to predict future sales is a crucial prerequisite for every business as it allows them to understand market trends, current demand, and anticipated future demand.
Businesses can benefit from it by making accurate forecasts.
Probability is a crucial tool for forecasting since it allows us to quantify subjective forecasting, which is crucial.
The likelihood of success in the business increases with probability.
A company should pursue demands that have a high likelihood of success.
Explanation
Step 1: Enter the following formula in cell C25:
=B25*(1+B15)
Step 2: Copy the formula in cell C25 to the cells to the right of it to forecast subsequent years' sales (e.g. C26, C27, C28, etc.).
Step 3: The formula in each of the cells will automatically update based on the values in B15 and B25.
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