Earning projection using previous years numbers

eyesee

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Jun 23, 2014
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If I made 1,879,376 at year end and mid year earned 1,115627, then what will I make this year end if I have made 739,635 to date. Would it help to get the prior years?
 
Without knowing how you earn your money, it's hard to say what you will have earned by the end of this year.

Are you salaried or on contract? Some years come with better bonuses than others.

Are you a small-business owner? Industry volumes prove better in some years than others.

To make an estimate, there are different models.

For example, last year, your mid-year earnings of $1,115,627 increased by a factor of 1.6846 by years' end.

If we increase $739,635 by the same factor, we get $1,245,989.

But, is that a realistic model, for your particular scenario? I can't say because I don't know what affects your earnings.

Perhaps, several prior years' worth of data would show a trend. Are you looking only for a rough estimate?

Cheers :cool:
 
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