Analyze financial data

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?

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.