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Excel Skills For Business Forecasting

This course teaches Excel skills for business forecasting. The course contains 9 modules covering topics like qualitative and quantitative forecasting techniques, planning a forecast model, using functions like FORECAST and TREND for linear and seasonal forecasting, pivot tables, data analysis tools, break even analysis, measuring forecast accuracy, and creating dashboards for visualization.

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Sumaira Ghouri
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72 views5 pages

Excel Skills For Business Forecasting

This course teaches Excel skills for business forecasting. The course contains 9 modules covering topics like qualitative and quantitative forecasting techniques, planning a forecast model, using functions like FORECAST and TREND for linear and seasonal forecasting, pivot tables, data analysis tools, break even analysis, measuring forecast accuracy, and creating dashboards for visualization.

Uploaded by

Sumaira Ghouri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Excel Skills for Business Forecasting

Turning Numbers into Better Business Decisions

Course Overview:
Forecasting refers to the practice of predicting what will happen in the future by taking
into consideration events in the past and present. Basically, it is a decision-making tool
that helps businesses cope with the impact of the future’s uncertainty by examining
historical data and trends. It is a planning tool that enables businesses to chart their
next moves and create budgets that will hopefully cover whatever uncertainties may
occur.

Who is this course for?

This Microsoft Excel Forecasting & Data Analysis course is aimed at people who want
to expand their knowledge into forecasting and more specialized analytical functionality
offered by Microsoft Excel.

Benefits:
At the end of this course, you will understand how you can forecast in Excel using
different methods based on seasonal, linear or exponential data. You will be able to
calculate forecast errors to update your forecast model to assure more accurate
forecasts. You can do trend analysis, break-even analysis, calculate the correlation
coefficient, and create a statistical analysis using Excel's analysis toolpak.
You will also be able to clearly visualize trends and forecasts via Dashboards.

Course Contents:

Module # 1: Fundamentals of Business Forecasting


 What is forecasting?
 The different types of forecasting
 Qualitative techniques & their uses
 Quantitative techniques & their uses
Module # 2: Plan a Forecast Model
 Which data can be forecasted?
 Set up the source data via an efficient model
 Selection of the right method for data forecasting
 How can I measure the accuracy of the forecast?
 Which measurement method is the best for my data?

Data Management and Preparation:


 Data importing and cleaning techniques.
 Organizing data sets for forecasting purposes.
 Dealing with missing or erroneous data.

Module # 3: Business Forecasting Via Powerful Functions


 SLOPE and INTERCEPT functions
 FORECAST.LINEAR function
 FORECAST.ETS.SEASONALITY function
 Forecasting via nested IF function
 Using Array functions and TREND
 MIN and MAX functions
 MEDIAN, MODE & AVERAGE functions
 GEOMEAN to calculate Average Growth Rate
 RANK, QUARTILE & PERCENTILE Functions

Module # 4: Fast-Forecasting Tools in Excel


 Frequency Distribution with Pivot Tables
 Using Pivot Table for Data Correlation
 One-click forecasting via Forecast Sheets
 Trend Forecasting Via Pivot Charts
Module # 5: Comparing Business Scenarios Via What-if Analysis
 Utilizing The Goal Seek for reverse equation
 Using Solver to calculate optimal product mix,
 Using Solver to calculate distribution problems
 Using Solver to calculate capital budgeting
 Decision Making via Scenario Manager
 Build out Data tables to see an entire range of options
1-way Data tables
2-way Data tables

Module # 6: Looking Outside Your Data via Analysis Tool Pak


 Working with Moving Averages
 Regression & Correlation
 Descriptive Statistics
 Exponential Smoothing
 Rank and Percentile
Module # 7: Break-Even Analysis
 Break-Even Modelling
 Calculate Break-Even
 Visualise Break-Even
 Use Goal Seek to analyze Break-Even

Module # 8: Measuring Forecast Accuracy


 Forecast Error/Deviation
 Forecast Absolute Error/Deviation
 Forecast Percentage Error/Deviation
 Forecast absolute percentage error
 Square Error and Standard Error
 MAD (Mean Absolute Deviation)
 MSQ (Mean Square Error)
 MPE (Mean Percentage Error)
 MAPE (Mean Absolute Percentage Error)
 TSE (Tracking Signal Error)

Module # 9: Create Dashboard to Forecast Data


 Dashboard Designing Principles
 Creating Dashboard with Pivot Charts to Forecast
 Creating Dashboard with Forms Control to Forecast
Module # 1: Fundamentals of Business Forecasting
Module # 2: Plan a Forecast Model
Module # 3: Business Forecasting Via Powerful Functions
Module # 4: Fast-Forecasting Tools in Excel
Module # 5: Comparing Business Scenarios Via What-if Analysis
Module # 6: Looking Outside Your Data via Analysis Tool Pak
Module # 7: Break-Even Analysis
Module # 8: Measuring Forecast Accuracy
Module # 9: Create Dashboard to Forecast Data

Course Fee: 9,500/=


Fee Include: Training Manual, Lunch, Tea, Certificate
Date: 22/06/2023

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