Analyze financial data

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#1

How can i analyze financial data, specifically to calculate the absolute variance between forecasted and actual revenues across multiple projects, and then rank these projects based on their variance?

#2

use the ABS() formula to calculate the absolute value of the difference between forecasted and actual revenues

ABS({Forecasted Revenue} - {Actual Revenue})

Example Calculation:

  • For a project with a forecasted revenue of $500,000 and an actual revenue of $450,000, the formula would be:

  • ABS(500000 - 450000) = 50000

  • This gives an absolute variance of $50,000.