Excel Forecasting Tools for Data Analysts

Overview

Master Excel's forecasting tools for data analysis:

Forecast Sheet for trend predictions, Goal Seek for desired outcomes, Scenario Manager for financial modeling, and PivotTable reports for strategic decision-making.

Syllabus

• Introduction to Excel Forecasting Tools
Overview of forecasting concepts and their applications in data analysis
Introduction to Excel’s suite of forecasting tools
• Forecast Sheet for Trend Predictions
Creating a Forecast Sheet in Excel
Understanding forecasting algorithms and seasonality
Customizing forecast results
Interpreting and visualizing forecast data
• Goal Seek for Desired Outcomes
Introduction to the Goal Seek tool
Setting up and running Goal Seek
Applications of Goal Seek in optimizing data outputs
Examples and hands-on exercises
• Scenario Manager for Financial Modeling
Introduction to Scenario Manager
Creating and saving different scenarios
Analyzing scenario outcomes and comparing results
Real-world applications and case studies
• PivotTable Reports for Strategic Decision-Making
Mastering PivotTables basics and advanced features
Creating PivotTables for data summarization and analysis
Using PivotCharts for visual insights
Incorporating PivotTable reports in strategic decision-making
• Case Studies and Practical Applications
Real-world examples of forecasting in different industries
Hands-on projects using all tools covered in the course
• Conclusion and Next Steps
Reviewing key concepts and tools learned
Resources for further learning and practice in Excel forecasting tools
Q&A and course feedback

Subjects

Business