Forum Discussion

JateenK's avatar
JateenK
Helper I
2 years ago

Calculating future forecast months using previously calculated months

Hi all

 

I have a custom forecast model required that uses the last 3 months of sales as part of the forecast formula.

This is required to start from the current month. IE: March is currently in progress so forecast would start from 1st March.

 

Forecasting March is straightforward - as prior 3 months are actuals - but how to forecast April is the issue - as it would use actuals from Jan and Feb but then also need to also use the forecasted March value.

 

To illustrate the calculations required, i've uploaded the excel formula's:

 

Also uploaded is a simple powerbi model showing the calculations and values used - with the problem being the measure "

Sales Value Prior 3Mth" which only looks back at last 3 actual months and then trails off very quickly when attempting to go into future months.

 

 

Excel file

PowerBI File

 

PS: This will be implemented on a Premium model but cannot use direct query.

 

Thanks 

Jateen

 

 

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