Sales Forecast Calculator calculator can be used to predict future sales based on historical data and growth trends, helping businesses make informed decisions about inventory, marketing, and resource allocation.
Learn how to use the Sales Forecast Calculator calculator and its working principles
This calculator uses the compound growth formula:
Forecasted Sales = Historical Sales × (1 + Growth Rate/100)^Time Period
This formula assumes consistent growth month over month. For example, if you had $10,000 in sales last month and expect a 5% monthly growth for the next 12 months, the calculator would project your sales to be approximately $16,470.91 in 12 months.
This calculator provides a simple linear forecast based on historical trends. In reality, many factors can affect future sales, including:
For more complex forecasting needs, consider using multiple factors or consulting with a financial analyst.