In our daily life, we need to project the expense and profit of any month or year for our company or living. Microsoft Excel has several functions and commands to do this type of projection. In this article, we will demonstrate **four **distinct methods to calculate the projected cost in Excel. For the profit estimation, the process will be similar. If you are curious to know about the procedure, download our practice workbook and follow us.

## Download Practice Workbook

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## 4 Easy Methods to Calculate Projected Cost in Excel

To demonstrate the approaches, we consider a dataset of the cost of the first **6** months of any year. The name of those months is in column **B**, their sequence number is in column **C**, and the amount of cost is in column **D**.

### 1. Using Conventional Formula

In this method, we will build a conventional formula to calculate the projected cost in Excel. For that, we mentioned the cost of **6** months of **2021** in the range of cells **D5:D10**. We consider a projection of a **20% **cost increase for the following months of the next year **2022**. The value of the projection rate is in cell **G5**.

The steps to complete the procedure are given below:

**ðŸ“Œ Steps:**

- First of all, select cell
**E5**. - Now, write down the following formula into the cell. Make sure that you input the
**Absolute Cell Reference**with cell**G5**.

`=D5*(1+$G$5)`

- Press
**Enter**.

- Then,
**double-click**on the**Fill Handle**icon to copy the formula up to cell**E10**.

- You will get all the projected cost values for each month.

Thus, we can say that our formula worked perfectly and we are able to calculate the projected cost in Excel.

**Read More: ****How to Calculate Cost per Unit in Excel (With Easy Steps)**

### 2. Use of FORECAST.LINEAR Function

In this following process, we will use **the FORECAST.LINEAR function** to calculate the projected cost in Excel. It will calculate or project the future value based on existing value. The cost of the first **six** months is in the range of cells **D5:D10**. We are going to calculate the projected cost value for the next **three **months of that year in the range of cell **E11:E13**.

The steps of this method are given below:

**ðŸ“Œ Steps:**

- First, select cell
**E11**. - Then, write down the following formula into the cell. Make sure that you input the
**Absolute Cell Reference**for the range of cells**C5:C10**and**D5:D10**.

`=FORECAST.LINEAR(C11,$D$5:$D$10,$C$5:$C$10)`

- After that, press
**Enter**.

- Now,
**double-click**on the**Fill Handle**icon to copy the formula up to cell**E13**. - You will get all the projected cost value for our desired
**three**months.

Finally, we can say that our formula worked successfully and we are able to calculate the projected cost in Excel.

**Read More: ****How to Calculate Production Cost in Excel (3 Effective Ways) Â **

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### 3. Applying TREND Function

In this approach, we are going to use **the TREND function** to calculate the projected cost in Excel. The cost of the first **six** months is in the range of cells **D5:D10**. We are going to calculate the projected cost for the next **three **months of that year in the range of cell **E11:E13**.

The steps of this approach are given below:

**ðŸ“Œ Steps:**

- At first, select cell
**E11**. - After that, write down the following formula into the cell. Make sure that you input the
**Absolute Cell Reference**for the range of cells**C5:C10**and**D5:D10**.

`=TREND($D$5:$D$10,$C$5:$C$10,C11)`

- Now, press
**Enter**.

- Then,
**double-click**on the**Fill Handle**icon to copy the formula up to cell**E13**. - You will get all the projected cost value for our desired
**three**months.

At last, we can say that our formula worked precisely and we are able to calculate the projected cost in Excel.

### 4. Using Forecast Sheet Command

In this following method, we will use the **Forecast Sheet** command from the **Data** tab. This command provides us a maximum and minimum range of those projected values. In addition, this option will also supply us with a chart for understanding the data trend.

The procedure of this process is explained below:

**ðŸ“Œ Steps:**

- At the beginning of this process, select the range of cells
**B5:D13**. - Now, in the
**Data**tab, select the**Forecast Sheet**option from the**ForecastÂ**group.

- A dialog box called
**Create Forecast Worksheet**will appear. - Set the
**Forecast End**at**9**, if the value is showing less than**9**. - Besides it, choose the chart type as a
**line chart**. - Finally, click on
**Create**.

- You will see a new sheet will open with the chart and the projected values.
- You may notice that the
**X-axis**of our chart is showing the month sequence instead of the monthâ€™s names.

- To fix this issue, go to the
**Chart DesignÂ**tab. Then, select the**Select Data**option.

- As a result, the
**Select Data Source**dialog box will appear. Click the**Edit**option from the**Horizontal (Category) Axis Labels**section.

- Another dialog box entitled
**Axis Labels**will appear. - Then, select the range of cells
**B5:B13**from the sheet titled**Forecast Sheet**and click**OK**.

- Again click the
**OK**button to close the**Select Data Source**dialog box. You will the monthâ€™s name will appear on the**X-axis**.

- Besides it, you can also modify the chart style from the
**Chart Design**and**Format**ribbon. - For our chart, we choose
**Style 6**from the**Chart Styles**group. - After that, select the
**Chart Elements**icon and checked the**Axes**and**Legend**at the**TopÂ**option.

- To visualize the data changing pattern more precisely, we reduce the
**lower boundary**of the**Y-axis**of our chart. For that,**double-click**on the values of the**Y-axis**. - A side window called
**Format Axis**will appear. - Then, click the
**drop-down arrow**of the**Axis Options**and go to the**Axis Options**tab. - After that, set the
**Minimum**bound as**2000**and press**Enter**. You will see all the class intervals in the**Y-axis**below**2000**will disappear and the data pattern will show in a large view.

- All the task for this chart is completed.

- Similarly, you can add a
**column chat**from the**Create Forecast Worksheet**dialog box. However, in this case, you wonâ€™t get the upper and lower projected cost range. - For that case, choose the
**Column Chart**option.

- The projected cost value and the chart will appear in front of you on another new sheet. Modify the chart style according to your desire.

So, we can say that our process worked perfectly and we are able to calculate the projected cost in Excel.

## Conclusion

Thatâ€™s the end of this article. I hope that this article will be helpful for you and you will be able to calculate the projected cost in Excel. Please share any further queries or recommendations with us in the comments section below if you have any further questions or recommendations.

Donâ€™t forget to check our website **ExcelDemy** for several Excel-related problems and solutions. Keep learning new methods and keep growing!

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