Forecasting in Excel: MUST-KNOW for Any Analyst

Learn how to forecast accurately in Excel with functions and visuals.
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Forecasting is one of the most important skills you can learn as an analyst. An accurate forecast can help you save money, boost productivity, and even increase customer satisfaction. So in this video I show you how to forecast in Excel. First, just a simple linear forecast with the function FORECAST.LINEAR. Then a forecast that also accounts for seasonality with FORECAST.ETS. To know how often these seasonal cycles are, we can use FORECAST.ETS.SEASONALITY. Then, to see confidence intervals, we can use FORECAST.ETS.CONFINT. This confidence interval can vary from 90%, 95%, or 99%. Those are the typical ranges. Finally, we'll put it all together with the forecast sheet, where we'll create a visual alongside the upper and lower forecast ranges.

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Chapters:
0:00​ -​ Linear Forecast
1:50​ - Seasonal Forecast
3:31​ - How long are the cycles?
5:33​ - Confidence Intervals
7:53​ - Forecasting Trick

Видео Forecasting in Excel: MUST-KNOW for Any Analyst канала Kenji Explains