Forecasting in Excel made SIMPLE (include seasonality and make forecasts)

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In this video I'll show you how easy it is to create a forecast in Microsoft Excel. A forecast can help you predict things like future sales, inventory needs, or consumer trends based on historical data. We will use Home Depot's quarterly sales data to make forecasts for future quarters.

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We guide you in creating accurate forecasts and budgets in Excel, tailored to sales, manufacturing and other key performance indicators (KPIs). You will learn how to use Excel's forecast sheet. This feature turns historical data into accurate predictions in just a few clicks. This is especially useful when working with seasonal data.

What you will discover:
▪️ Basics of forecasting in Excel
▪️ Analyze historical data for accurate forecasts
▪️ Using Excel Forecast Sheet for Easy Forecasting
▪️ Tips for managing data seasonality

This feature is available in Excel 2016 and later. It automatically creates formulas with the FORECAST.ETS function with its triple exponential smoothing algorithm.

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00:00 How to make forecasts in Excel
00:37 Analysis of historical data
01:24 How to use the forecast sheet
04:54 Conclusion

LINKS to related videos:
Percentile in Excel: https://youtu.be/U-5iQpz3C5I
Excel for accounting: https://youtu.be/m_SH0TOLsIc

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