Monthly Forecasting Excel Spreadsheet Template


Now free to download is our new Excel forecasting template, which will assist your call centre’s capacity planning, demand and call volume forecasting processes.

Click here to download the Forecasting template

This tool needs you to have 24 previous months of data available. You add these to the spreadsheet and it will calculate the next 12 months’ predicted values for you.  You can then used these reports for capacity planning purposes. The forecasting template has been designed to work with call volumes, but could easily be adapted for other types of monthly forecast.

Our forecaster works using the Holt-Winters, or triple exponential smoothing, method, which assumes that there are three components to any forecast:

•   A seasonal adjustment – based on previous data for the same months, e.g. you might expect customer calls to go down in December or rise in July.

•   A trend – whether your values are generally growing or shrinking over time.

•   A level – a baseline for your values once the other components have been removed.

Click here to download the Forecasting template

To get the calculator to work you must enable macros in Excel and have both Analysis Toolpak and Solver installed in Excel as Add-ins. You will find more instructions on checking whether they are installed and how to add them here.

If you prefer to print out the instructions you can also download the instructions here which explains a little about how the calculations are performed and has the instructions for installing the Add-ins and using the tool.

We have also created a how-to guide on YouTube.

You are free to use the forecaster  in all of your projects, provided that you do not resell or distribute the tool on the web.

If you spot any bugs in the spreadsheet or if you have any feedback please send us an email or leave details in the comments below.

Using the Forecaster

Open the spreadsheet and enable macros (or Enable Content) if you are prompted to do so.

You will need to have at least 24 months of data in order to produce the next 12 predicted months. You can probably get this data from the call volume reports on the Call centre system.

When you open up the tool you will see that it has some dummy data in it, and you should be able to see a chart, with the data that feeds it to the left-hand side, starting with the oldest month in cell A3 and the oldest value in cell B3. You can add as many values as you wish in columns A and B. Please don’t leave any gaps in the data.

Forecaster4

You can replace the values by simply overwriting them or copying and pasting data from another spreadsheet, as long as it is the same format of date in the first column (dd/mm/yyyy) and value in the second column. It’s best to Copy and Paste Special (Paste as Values) to be absolutely sure that you don’t inadvertently copy over any formulas from elsewhere.

If you select the current data and press the delete key, you may get the following message

Forecaster2

This is fine, click OK and the chart will refresh and show just one point in the centre. When you enter your new data, the chart will redraw with the data you’ve entered and everything should work.

Click the blue “Get Forecast” button and Excel will start to use Solver to find the most likely next points for your data. You will need to be patient at this point. It can take around 20-30s for Solver to settle on a most probable solution and you will see numbers changing at the bottom left of your screen as different values are tried out. After this time, you will be taken to the Forecast and you will see a new chart with the next 12 predicted values showing in red. The next 12 predicted months and forecast values are shown to the left of the chart.

Forecaster5

Your original data also exists in this sheet but the rows have been hidden, leaving only your forecast visible. If you’d like to forecast even further in to the future then you could take these values and transfer them back in to the data worksheet at the end of your current data, then run the forecast again to get another 12 months. In this way you could try to forecast a few years.

The forecasting spreadsheet just works out the monthly predicted call volumes.  If you want to use it for scheduling you will need to break down the outputs into a daily and then hourly forecast.  You can then plug the numbers into an Erlang calculator to get the numbers of Agents or FTE required.

Click here to download the Forecasting template

Published On: 18th Mar 2015 - Last modified: 19th Jan 2017
Read more about - Essential Call Centre Tools , , , ,


21 Comments
  1. Seems to come up with a Compile Error, Tried leaving it with the dummy data and also tried keying my own data

    Adam 19 Mar at 1:27 pm
  2. Hi Adam

    Please could you email me a screenshot of the error and a copy of the spreadsheet. The details are on the contact us page.

    Thanks

    Jonty

    jontypearce 19 Mar at 3:44 pm
  3. I have sent the details

    Many Thanks

    Adam

    Adam 20 Mar at 8:52 am
  4. How come it outputs a different forecast everytime i run it with the same historical data?.

    Eduardo Rivera 6 Apr at 8:46 pm
  5. Can the spreadsheet be configured for weekly forecasts? If so, how would the spreadsheet be edited?

    James Wilkshere 15 Aug at 8:19 am
  6. Hi,I can not did the forecast,the respon was compact file error cant find project or library

    Steven 27 Aug at 6:28 am
  7. unable to get forecast due to error on macro, dont know how to fix it

    Anusorn 29 Sep at 10:31 am
  8. Try re-downloading the spreadsheet. If you still have problems send us in the spreadsheet and we will see if we can fix it.

    Jonty Pearce 2 Oct at 1:07 pm
  9. I am getting the same error (Compile error: Can’t find project or library) I tried running it with the sample data, it didn’t work. I also tried my data and it didn’t work either. Maybe the download file needs to be replaced.

    Max 15 Oct at 8:31 pm
  10. It appears that this version of the template requires excel 2010 as in the 2007 version evolutionary options are not available.

    Mike 6 Nov at 2:20 pm
  11. When I click the calculate button, I get an pop up window that states
    Show Trial Solution – The maximum number of subproblems was reached; Continue anyway?

    My choices are continue, stop or save scenario? What is causing this pop up alert?

    Angela 2 Feb at 6:30 pm
  12. Hi Angela. This tool uses a feature in Excel called Solver, which will run through many options for the future values until an optimal solution is found that fits well for a number of the original values. Sometimes if the original data is not regular or well defined then it can take longer to reach a solution as there can still be large differences in the new values that Solver has found – and there are constraints on how many gos it has so you’re not sat waiting forever! When you get that message you can either choose to continue and solver will carry on trying to find a good best fit, or you can show the trial solution and see if you’re fairly happy with what it has come up with. You could then run it again and see how different the forecast is, which will give you an idea of how much it’s struggling to make sense of your original numbers.

    Joanne 3 Feb at 3:13 pm
  13. Hi. Good day, it seems there is a Macro error. Is there a way we can make it work?

    Jeff 31 May at 3:44 pm
  14. received a compile error but enabling the solver in excel add ins solves the issue

    Adam 2 Jun at 8:10 am
  15. anyone getting the solver issue when running? I have solver installed but errors on MAXTIMENOIMP, Solutions anyone?

    Mike 21 Jul at 9:33 am
  16. encountered error “compile error”
    on the VB codes, “solveroptions…” is highlighted
    thats under Sub Runsolver ()

    william 12 Aug at 9:22 pm
  17. Hello there,
    I was VERY interested in using your forecasting template … alas, we have Excel 2010 installed, and the Solver seems to be incompatible with your macro.
    For example, the MaxTimeNoImp as well as MaxSubproblems are not recognized and give a compile error with “Named agument not found” explanation.

    Would you have an older version of your Forecast Template cmpatible with Excel 2007 Solver?

    Thanks in advance,

    Michel 5 Sep at 2:57 pm
  18. sorry for the typo in my previous comment.
    We have Excel 2007 installed not 2010 …

    Michel 5 Sep at 2:58 pm
  19. Re Mike’s comment (Jul 21st), seems you have the same issue than I have encountered.

    Older version of Solver …

    Michel 5 Sep at 3:01 pm
  20. Hi, The template is really good , working fine, just have a question, what is the reason for keep initial value for level, trend and seasonal as 40%,

    Shabbir 20 Sep at 3:19 pm
  21. Can this week on weekly values

    Andrew Walker 24 Oct at 4:42 pm
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