The Spend Projection tool analyzes spend data, historical seasonality, and recent performance to predict how much the AdWords account is likely to spend by the end of the selected time period. Spend levels can fluctuate so the tool gives you a range for the projected spend.
When you run an AdWords campaign you have an allocated budget which needs to be spent within the stipulated time. The spend projection tool monitors the daily spends and gives future projections about how should the campaign spend the budget in order to meet the target budget.
The system uses machine learning to predict likely spend for each of the remaining days during the selected date range. It analyzes actual spend over the past few days to predict the cost the AdWords account will accrue at the end of the selected time period. Since actual spend levels fluctuate the system recommends a range for the spend.
While we predict the spend in the Spend Projection, we take into consideration the following two factors:
Set the target budget.
Projected Spend till <end date>
Based on the current spend patterns, the amount the campaigns/account will spend by the end date.
Actual Spend till now
The total cost accrued by the account from the first date to the last date of the selected time period.
Required daily spend to hit target
Based on the current spend patterns, you can see the required daily spend to meet the target budget.
Estimate of how much the PPC campaigns will spend by the end of the selected date range.
You can also see your daily spend projection which shows the pattern of your spend across the week. You'll see the expected spend, expected min. spend and an expected max. spend for every day. This will give you an idea about the spending potential of the account.
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