FORECASTING REVENUE USING TIME SERIES ANALYSIS IN

POWER BI
Training report submitted in partial fulfillment of the requirements
for the Award of the degree of
MASTER OF BUSINESS ADMINISTRATION
Of
BENGALURU CITY UNIVERSITY

Submitted By
Pavan Kumar SK
( P18IW23M015012)

Under the guidance

of Dr. P Chandrika
Reddy HOD & Assistant

Professor

ST. FRANCIS COLLEGE

BENGALURU CITY UNIVERSITY

Dinesh Chilka

UDYOG BHARAT
 DECLARATION BY THE STUDENT

I hereby affirm that the dissertation on the training program titled "Forecasting Revenue
Using Time Series Analysis in Power BI," presented as part of the requirements for the
master of business administration degree, is an original piece of work completed under the
supervision of Dr. P Chandrika Reddy, Head of the Department & Associate Professor at ST.
FRANCIS COLLEGE (Affiliated to BCU). This document has not been previously submitted
to any other educational institution or university for the purpose of obtaining any other
academic degree.

Place: Bangalore Name: Pavan Kumar SK

Date: Register Number: P18IW23M015012
TRAINER CERTIFICATE
 GUIDE CERTIFICATE

I hereby declare that the report I presented on my training program entitled "Forecasting
Revenue Using Time Series Analysis in Power BI," conducted under the guidance of Dr. P
Chandrika Reddy, Head of Department & assistant professor at ST. FRANCIS COLLEGE
(Affiliated to BCU), is an authentic piece of work. This report has not been previously
submitted to any other institution or university for the acquisition of any other degree. The
student enrolled in the 3rd semester of the MBA program has successfully completed the
training program report.

Place: Bangalore Dr. P Chandrika Reddy

Date: HOD & Assistant Professor
 ACKNOWLEDGEMENT

Academic or not, success depends not just on an individual's work but also on the advice,
support, and collaboration of friends, mentors, and other intelligent people. Several
individuals, each in their unique role, have contributed to my project effort. I want to thank
each and every one.
I would want to express my gratitude to Director Bro. Peter Joseph Plathottam for giving
me the chance to complete this training program. This engaging experience has been made
possible by your vision and dedication to experiential learning.

I am grateful to Deputy Director Bro. Titus Anto unceasing support and perceptive
criticism. My approach to this project and my perspective on it have really benefited from
your mentoring.

I would want to thank Dr. R N Subba Rao, the principal, for your continuous support and
conviction that training program have the potential to be an essential part of our education. I
have found inspiration in your instruction.

Additionally, I would like to take this opportunity to thank Dr. P Chandrika Reddy, HOD
& Assistant Professor, SFC, for providing me with the chance to work on this project and for
her insightful advice throughout its various stages of development, which helped me optimize
the report and ensure the project's success.

Finally, I would want to express my gratitude to everyone who has helped with this
dissertation project, whether directly or indirectly. This experience has been significantly
shaped by your combined efforts.

Thanking you,

Pavan Kumar SK
P18IW23M015012
 EXECUTIVE SUMMARY

The MBA course offered by St. Francis College, affiliated with Bengaluru City University,
Karnataka, is designed in a manner to provide theoretical as well as practical training. As a
part of this, MBA students are required to go through a training program for 30 hours in their
3rd semester.

This program is an integral component of the Business Management course and gives
students actual experience in studying how businesses are managed. As a participant in this
program, students are able to experience how each department works as a unit, understand
processes in businesses, and gain practical experience in a real business environment. It is in
this manner that students are not only given theoretical learning but are equipped with
practical expertise as well in corporate life.
 TABLE OF CONTENTS

CHAPTER TITLES PAGE NO.

NO.

1. INTRODUCTION
1.1 Introduction to the training
1.2 Importance of the training
1-4
1.3 Need of the training

2. DESCRIPTION OF THE TRAINING

2.1 Type of training undergone
2.2 The usefulness of the training undergone 5-7

3. TRAINING OUTCOME
3.1 Knowledge acquired
3.2 Skills mastered
8-21
3.3 Proof for operations using skills

4. PLACEMENT OPPORTUNITIES
4.1 Placement opportunities in India 22-24
4.2 Global Placement opportunities

5. LEARNING EXPERIENCE
5.1 Brief on new skills learned
25-26
5.2 Challenges faced during training
 CHAPTER - 01
INTRODUCTION

1.1 INTRODUCTION TO THE TRAINING

In this era where everything is about data, companies require accurate forecasted revenues to
budget money, handle resources, and take informed decisions. Revenues can be forecasted by
companies to gauge future earnings through previous trends to prepare in anticipation of
market fluctuations and avoid taking unnecessary financial risks. Management students
should have an in-depth knowledge regarding analyzing and predicting revenues because this
is an integral part in making key decisions in an organization.

Under academic courses, we conducted an offline session of 30 hours in Forecasting Revenue

Using Time Series Analysis in Power BI in our college campus in association with Udyog
Bharat. This training provided hands-on experience in methods used to forecast revenues and
working with Power BI, an increasingly popular business intelligence tool to visualize and
analyze data.

Power BI is required in corporations because it helps individuals analyze vast amounts of

data, spot trends, and develop forecasted insights. From this training session, we learned to
apply time series forecast techniques to previous revenues, craft dynamic reports, and build
interactive dashboards to guide decisions.

The training comprised core concepts in time series analysis, trends, seasonality, and
fluctuations in revenues. We studied methods employed to obtain improved prediction results.
Sessions comprised theory sessions and practice sessions where we applied prediction models
in Power BI.

Offline training in our college featured interactive sessions, live case studies, and peer
collaboration to aid in learning. Sessions featured academic and sector-related knowledge
with facilitation by professionals in the industry and instructors.

The training enhanced our analytical and problem-solving competencies to better support
management students in various professional careers. Acquiring knowledge in revenue

1
forecasting can support finance, business analytics, and strategic management. This is
transferable to academic projects and future careers.

After this training, we achieved an effective working experience in predicting revenues with
Power BI, providing hands-on experience in finance-related data analysis to aid in making
informed decisions. This report is an overview of our training experience, key areas covered,
and capabilities achieved through this training.

1.2 IMPORTANCE OF THE TRAINING

Forecasting revenues is required to guide finance decisions, to optimize resources, and to
strategies growth. Training in Using Time Series Analysis in Power BI to forecast revenues
improved theoretical knowledge and hands-on practice in data analytics and business
intelligence.

1.2.1 The Role of Business Revenue Forecasting:

 Project future revenues to support better management of risk and improved financial
planning.

 Make decisions that are informed by trends in previous experience and future directions.

1.2.2 Power BI Role in Forecasting:

 Offer interactive trends in revenues through visualization of data

 Automation of work through pre-developed models and assistance in in-depth analysis

with immense amounts of data.

1.2.3 Practical Learning & Hands On Experience:

 Understand trends, seasonality, and fluctuations in revenues by analyzing time series.

 Explore moving average, exponential smoothening, and ARIMA methods in forecast

models.

 Develop dynamic forecasted revenue reports with interactive dashboards.

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 1.2.4 Career Advantages in Industry:

 It benefits careers in finance, business analytics, sales, and strategic planning.

 Build experience in working with business data to make reliable forecasts in order to
have better analytical capabilities.

 Knowledge about Power BI and forecast methods provides an employability advantage

and makes graduates job-ready.

1.2.5 Advantages of Offline Training in College:

 Engage in interactive learning through dialogue and instant problem solving.

 Obtain training direction by professionals in the field and faculty members.

 Collaborate with peer-grouped datasets and case studies to collaborate in groups.

It teaches sector-related competencies to work in data-driven decision making. Training to

forecast revenues in Power BI enhances efficiency and stability in finance in
work environments.

1.3 NEED OF THE TRAINING

In contemporary enterprise, accurate revenue forecast is imperative to run things effortlessly,
manage finance efficiently, and take informed decisions. If not forecasted, organizations can
experience financial hardships, wastage in budgeting, and lose growth potential. Training in
Forecasting Revenue in Power BI enabled us to analyze trends and prepare reliable forecasts.

1.3.1 The Importance of Revenues:

 Ensuring Financial Security

 Enabling Business to Grow

 Adapting to Market Changes

1.3.2 Issues with Classical Forecast:

 Time-consuming and error-prone

3
  Lacking in live insights

 Difficulty in processing large amounts of data

1.3.3 Power BI Benefits:

 Simplifies data interpretation

 It automates predictive analysis

 Enhances visualization

1.3.4 Practical Advantages in Terms of:

 Robust market demand of significance to diverse industries

 Hands-on experience

1.3.5 Advantages of Offline Training in College:

 Direct interaction with experts

 Collaborative learning

 Instant resolution of queries

The training has provided us with Power BI functionality to forecast revenues in this data-
driven economies era.

4
 CHAPTER - 02
DESCRIPTION OF THE TRAINING

2.1 TYPE OF TRAINING UNDERGONE

The Time series analysis using revenue forecasting was an off-line training session that was
conducted over 30 hours in my college in collaboration with Udyog Bharat. This training was
done to gain experience in hands-on practice in predicting revenues, which is an essential
technique in making business decisions as well as in making budget plans.

I gained hands-on experience in time series analysis, forecast technique, and visualization
during training in Power BI. Power BI is a powerful business intelligence tool that allows
individuals to analyze data, detect trends, and take decisions. Training informed me about
how to apply these tools and techniques to forecast revenues in the future by analyzing past
data.

The training was designed to integrate theoretical knowledge in synchronization with hands-
on practice to obtain an overall rich experience. Industry professionals and teaching faculty
conducted sessions to share essential aspects regarding the application in live business
scenarios. Training sessions included:

 Theoretical Learning – Acquiring key concepts in time series analysis and revenue
forecasting

 Practice Hands-on – Application of Power BI in deploying forecasting models

 Case Studies and Industry Examples – Applying forecast methods to actual-world

datasets

 Collaborative Learning – Encouragement to interact with instructors and fellow

learners to clarify doubts and reinforce learning.

The systematic process gave me an in-depth understanding of how forecast methods operate
in business analytics and how Power BI can be used to inform decisions through generated
insights.

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2.2 THE USEFULNESS OF THE TRAINING UNDERGONE
The training was really helpful because it not only provided theoretical knowledge but also
hands-on experience in revenue projection. Key takeaways and value gained through training
are:

2.2.1 Understanding Why Revenue Forecasting is Important:

 Enhanced Financial Planning – Learning to budget and forecast revenues through

companies’ practices

 Risk Management – How businesses decide on potential fluctuations in revenues and

prepare in advance

 Growth Strategic Planning – Using forecast tools to guide business growth and
investment decisions

2.2.2 Learning to Analyze Time Series to Predict:

 Identification of Trends and Patterns – How to forecast revenues by analyzing

historical revenues

 Managing Seasonality Fluctuations – Acquiring an awareness about how seasonality

and outside factors affect revenues.

 Data Preprocessing Strategies – Acquiring skills to prepare and present data to obtain
better forecast results.

2.2.3 Mastering Various Forecast Models:

 Moving Averages – Learning to Smooth Fluctuations in Revenues in order to Find

Trends

 Exponential Smoothing – How this technique is employed to forecast short-term trends

in revenues

 ARIMA (Auto-Regressive Integrated Moving Average) – Learning about this

advanced statistical methodology employed in long-term prediction

 Power BI Automatic Forecasting Tools – Mastering Power BI automated forecast tools

to obtain forecasted results

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2.2.4 Hands-on Experience with Power BI:

 Data Import & Transformation – Learning to import & prepare data to analyze in
Power BI.

 Using Forecasting Tools – Using Power BI to perform predictive analytics and visualize
results.

 Building Interactive Dashboards – Designing dynamic reports to display revenue

trends and forecast in an efficient manner.

2.2.5 Acquiring Analytical And Problem-Solving Skills:

 Unraveling Key Trends in Revenues – Unraveling trends in real-world data .

 Accuracy in Predictions – Acquiring the ability to gauge the reliability of predicted

results.

 Presenting Insights to Inform Decision Making – Learning to present forecasted

outcomes in an organizational setting.

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 CHAPTER - 03

TRAINING OUTCOME

3.1 KNOWLEDGE ACQUIRED

I learned about business forecasting, visualization, and tools in Power BI in 30-hour Training
in Power BI: Forecasting Revenue Using Time Series Analysis. Training was focused on
the use of charts and analytical tools to forecast future trends in revenues and
performance. Learned to utilize Power BI visuals including bar charts, column charts, pie
charts, ribbon charts, tree maps, waterfalls charts, lines charts, and decomposition trees to
have in-depth knowledge about finance-related data.

3.1.1 Using Bar Charts to Compare Revenues

I gained experience comparing revenues by categories by making use of bar charts:
 Clustered Bar Charts: Utilized to compare multiple categories, e.g., sales by area or
revenues by products.
 Stacked bar charts – Showing the different segments of an enterprise contributing to
overall revenues.
I was in a position to analyze performance in business and benchmark revenues in an
organized way through bar charts.

( Figure 3.1 Bar Chart )

3.1.2 Utilizing Column Charts in Time-Based Analysis

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Column charts were beneficial in tracking trends in revenues over time. I was able to:
 Use columns to graphically display revenues in columns representing month, quarter, and
year.
 Plot current vs. previous year revenues in adjacent columns.
 Highlight growth in revenues or decline by using data labels and trend lines.
Column charts provided an accurate presentation of revenues across different time periods.

(Figure 3.2 Column Chart)

3.1.3 Using Ribbon Charts to Gauge Ranks

The ribbon charts came in especially handy in analyzing diverse sources of revenues over
time. I was trained to:

 Monitor top earning products or services by various months.

 Assess changes in ranking by sales trends.

 Identify various factors influencing overall leadership in driving revenues.

I was able to determine changes in business performance through ribbon charts and analyze
various sources of revenues over time.

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 (Figure 3.3 Ribbon Chart )

3.1.4 Tree Maps to Represent Revenue Hierarchies

Tree maps produced an intuitive way to comprehend hierarchical revenue statistics.I

used them to:

 Segment revenues by product categories and subcategories.

 Find most profitable segments.

 Graphical comparison by revenue share, where greater block sizes indicate

greater revenues.

Tree charts simplified the process of dissecting complicated revenue statistics into
easier to grasp visuals.

10
 (Figure 3.4 Tree Maps )

3.1.5 Using Waterfall Charts to Track Revenues Changes

I employed waterfalls to understand diverse factors influencing net revenues. I

employed them to:

 Monitor growth in revenues through various business undertakings.

 Discuss the effect of price elasticity in determining prices.

 Break down revenue segments by steps to visualize better business performance.

The waterfalls came in especially handy to comprehend revenues by composition.

(Figure 3.5 Waterfall Charts )

11
 3.1.6 Using Line Charts in Time Series Forecasting

Line charts were required in order to analyze trends in revenues over time.

 Visualize patterns in revenues by months and by years.

 Revenues: Actual vs. Forecast.

 Analyze seasonality in sales trends.

Line charts helped me analyze long-term performance in revenues and forecast future sales.

( Figure 3.6 Line Charts )

3.3.7 Using Decomposition Trees to Decompose Revenues in Detail

I was able to drill down to revenues and analyze contributors to revenues through
decomposition trees.

 Segment revenues by area, by product category, or by buyer market.

 Highlight key factors driving changes in revenues.

 Interpret multiple levels of data in an interactive yet systematic manner.

Comprehensive breakdown trees proved helpful in detailed revenue evaluation and making decisions.

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 ( Figure 3.7 Decomposition Trees )

3.2 SKILLS MASTERED

I gained data visualization, business forecast, and building dashboard competencies through
the training in 30-hour Forecasting Revenue Using Time Series Analysis in Power BI.
Training helped me master ways in building dashboards, conducting time series analysis, and
making revenues forecast. All these competencies are necessary in determining trends in
business, enabling better financial planning, and making informed decisions regarding data.

3.2.1 Designing Advanced and Appealing Dashboards in Power BI

The most notable achievement I gained was in developing advanced and attractive Power BI
dashboards. A well-crafted dashboard allows users to engage with data, analyze trends, and
inform business decisions.

Through this training, I learned how to:

 Make use of diverse visualization alternatives including bar charts, line charts, pie charts,
tree maps, and decomposition trees to tailor dashboards.

 Make themes, colors, and styling to present dashboards in an attractive and readable
manner.

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  Utilize drill-throughs, slicers, and filters to support dynamic user interactivity with
multiple data points.

 Unify diverse datasets in diverse sources (cloud environments, SQL databases, Excel
spreadsheets) to craft an enterprise-level business dashboard.

 Automate data updates and schedule refreshes to maintain dashboards in synchronization

with the most current data.

 Enhance dashboard performance through reducing data load time while ensuring smooth
interaction.

I can now craft interactive, live, and intuitive dashboards to support companies in
performance tracking and making informed decisions by excelling in dashboard development.

( Figure 3.8 Power BI Dashboards )

3.2.2. Performing Time Series Analysis to Obtain Business Intelligence

Time series analysis is one of the most powerful tools to work with changes in revenues over
time. This training provided experience in analyzing finance-related data by working through
time series models.

I learned to:

 Identify trends, seasonality, and cyclical patterns in revenues.

14
  Decompose time series to eliminate trends over extended periods while leaving short-
term fluctuations.

 Use line charts and decomposition trees to graphically analyze trends in revenues over
time.

 Detect outliers and anomalies that can influence trends in revenues.

 Compare revenues in previous years to current figures to establish performance changes

over time.

 Evaluate each day, weekly, month-by-month, and year-by-year trends in revenues

through personalized time.

I can now support companies in examining changes in revenues and identifying growth potential
through mastery in time series analysis.

( Figure 3.9 Time Series Analysis )

3.2.3 Using Power BI and Advanced Models to Predict Revenue

Forecasting revenues is an imperative process in budgeting that helps companies forecast

revenues in the future, budget appropriately, and prevent finance-related threats. Through this
training experience, I developed powerful forecasting capacity through working with Power
BI tools and advanced statistics modeling.

I was instructed to

15
 Leverage Power BI prediction functionality to forecast future trends in revenues by
examining past trends.

 Employ moving averages and exponential smoothing techniques to eliminate short-term

fluctuations to obtain reliable forecasts.

 Design ARIMA (Auto-Regressive Integrated Moving Average) models to undertake

advanced prediction.

 Compare forecasted vs. actual revenues through visualization tools including area charts
and line charts.

 Evaluate forecast performance by prediction errors and adjust where necessary.

 Utilize scenario-based forecasting to predict diverse outcomes in revenues in reaction to

diverse factors such as market changes and business decisions.

I can now prepare companies to face the future by providing accurate forecasted revenues
through building robust forecast capabilities.

( Figure 3.10 Forecasting Revenue )

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3.3 PROOF FOR OPERATIONS USING SKILLS
3.3.1 Step 1 : Get Data From Sources
Revenues forecasting is started through the gathering of information from various sources
such as CRM systems, channels of sales, finance databases, and marketing tools. This
information helps to create an elaborate customer profile through the analysis of behavior like
purchasing behavior, website visitations, opening emails, and advertising reactions. With this
pattern analysis and comparison to historical successful transactions, businesses are able to
accurately project future revenues.

With Power BI, integrating the data is easily done through clicking the "Get Data" button and
choosing connectors to sources such as Excel, CSV, SQL Server, Salesforce, or Google
Analytics. This provides real-time tracking of the revenue, analysis of trends, and evidence-
based decision making to optimize profitability.

( Figure 3.11 Data Set )

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3.3.2 Step 2: Create a Area chart

( Figure 3.12 Area chart in Time Series Analysis )

This Power BI chart provides a graphical interpretation of profit trends through time series
analysis. Years on the X-axis and total profit on the Y-axis are represented on the chart. Blue
on the chart depicts the profit over time. Also on the chart is a dotted trend-line depicting the
increasing profit over time. This in-depth analysis enables businesses to track revenue
patterns, identify seasonal patterns, and make informed estimates regarding profits in the
future. With the use of the forecasting features in Power BI or by creating DAX measures,
businesses can leverage data to develop better revenue plans. For instance, by identifying the
peak season where profits shoot up, businesses can optimize their marketing campaigns to
ride on the trend and improve their profits. Also by observing past data and trends, companies
can forecast changes in the market and adapt accordingly to outsmart competitors. In
conclusion, this in-depth analysis enables businesses to make informed decisions based on
data and achieve growth and success in an ever-evolving market environment.

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3.3.3 Step 3: Create a line chart

The above Power BI chart illustrates revenue forecasting through time series analysis by
observing the movement of profit over time. On the X-axis is the date of orders (year and
month), and on the Y-axis is the sum of total profit. This information presented by the chart
provides clear insight into the trend in business financials.

( Figure 3.13 Line Chart for Forecasting )

For instance, by observing the highs and lows in the blue profit fluctuation depicted by the
blue line, firms can spot times of high and low profit points. Also, the dotted trend-line
depicting an overall upturn in profit serves as a very good indicator of observing long-term
growth patterns. The specific data point in January 2020 where profit equaled 2,824.82
enables in-depth study of individual time periods. With the implementation of Power BI
forecasting capabilities, trend lines, and time-series analysis, organizations are able to predict
revenue patterns in advance, spot seasonal fluctuations, and make strategic data-informed
choices to enhance profitability. This process enables firms to adapt strategy based on
anticipated market conditions and enhance their financial outcomes.

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3.3.4 Step 4: Apply Forecast

To implement a forecast in Power BI, the first step is to work on the line chart. You can
select the chart and proceed to the Visualization section and select the Analytics pane. In the
pane select the Forecast option under the Forecast section and proceed to enable it. This will
start creating a forecast trend based on the history of the dataset. This forecast becomes a
valuable tool for interpreting trends in the future and making informed choices based on the
information provided.

( Figure 3.14 Forecasting Implement )

Once the forecast feature becomes part of Power BI, users can identify a clear band present in
the visual display. This band serves an essential role in visually presenting the forecast values.
The center line in the band is the forecast value itself and serves as a point of reference in the
center. In addition, the top and bottom bound lines enclosing the forecast value indicate the
uncertainty range in the forecast.

To illustrate this point, in sales forecast scenarios, the forecast value could be the expected
sales for the upcoming quarter. Uncertainty range, as depicted by the band lines, shows the
potential variation in such expected sales values. A wider band depicts higher uncertainty and
a wider range of possibilities. On the other hand, a narrow band depicts higher confidence in
the forecast values and reduces the range of error in follow-up decision-making activities.
This visual representation enables users to understand the reliability and consequences of the

20
forecast values and allows them to make strategic choices on the basis of a comprehensive
review of available information.

3.3.5 Step 5: Adjust the Forecast

Adjusting the forecast is important to make it more precise and to suit certain purposes. Some
of the vital forecast settings that can be adjusted are

( Figure 3.15 Adjusted Forecasting )

 Units: This parameter sets the time frame that the forecasted information will be based
upon. If the information was obtained hourly, then forecasting within weeks, months, or
quarters will be more suitable. Units are employed to zoom in to retrieve more
information or to zoom out to look at the big picture depending on the information that
one wants.

 Forecast Length: This sets the length of time the forecast will cover. The default is 10
units but can be changed. If Units has been changed to Months and the Forecast Length
to 2, Power BI will create a forecast two months ahead.

 Ignore The Last Option: This option offers the ability to ignore recent forecast data if it
happens to be unreliable, missing, or inconsistent. If the recent data does not accurately
represent future trends, ignoring the last few periods will allow the creation of a better
forecast using consistent historical data.

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  Seasonality: This option helps Power BI to find repeated cycles in the data, such as
quarter cycles or yearly trends. If the seasonality period is already known, manually
configuring it improves the precision. Alternatively, if the seasonality period is unknown,
Power BI will automatically find the pattern using Auto mode.

 Confidence Interval: This will control the level of certainty the projection has. 95%
confidence indicates the predicted values are 95% likely to be within the predicted range.
The lower the confidence percentage, the more aggressive the projections are. The higher
the confidence percentage, the more conservative the estimate.

By modifying these settings, Power BI updates the forecast visualization within the line chart to
allow easier analysis of trends and making data-driven decisions. The forecast line can be
further personalized through the modification of the style, the color, and the transparency to
further clarify the forecast.

( Figure 3.16 Customized Forecasting )

Using the following steps, we can forecast revenue by utilizing time series analysis and ascertain
future trends and improve revenue estimates.

Simply put, time series analysis entails examining past data in order to identify patterns on the
basis of which we can make inferences regarding the future. For example, an organization
can monitor its sales data on a monthly basis in order to estimate expected revenue. This

22
enables organizations to take into account elements such as seasonality how sales may be at
their highest in some months and cyclical shifts in the market.

( Figure 3.17 Dashboard )

Also, time series analysis can be useful in identifying outlier data points, and such points may
indicate unexpected threats or opportunities. Identifying them in a timely manner can enable
firms to react accordingly and maintain stability in their revenue streams.
Overall, utilizing time series analysis in revenue forecasting allows businesses to make clear
and fact-based choices and ultimately enhance financial performance and drive growth.

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 CHAPTER - 04

PLACEMENT OPPORTUNITIES

The 30-hour Offline Training in Forecasting Revenue Using Time Series Analysis in Power
BI has equipped me with most desired capabilities in finance analysis, visualization, and
business forecasting. Such capabilities have vast potential in finance, retail, healthcare,
manufacturing, and tech industries. Organizations increasingly embrace data-driven decisions
now, opening lucrative job avenues to professionals who have experience in Power BI, time
series analysis, and revenue forecast.

4.1 PLACEMENT OPPORTUNITIES IN INDIA

The demand in India is growing for finance analysts, business intelligence professionals, and
data analysts. Organizations across diverse sectors recruit professionals who can analyze
finance data, design dashboards, and forecast trends in revenues. Among top placement
choices are:

4.1.1 Roles in Business Intelligence and Data Analytics

 Business Intelligence Analyst – Business data development and building dashboards to

obtain revenues insights

 Data Analyst – Utilizing finance and business-related information to compile reports

and forecast

 Financial Analyst – Interpreting finance data to predict trends in revenues to support

budgeting and investments.

 Market Research Analyst – Using Power BI to track market trends and predict
consumer demand.

4.1.2 Career options in finance and accounting

 Revenue Analyst – Analyzing revenues to monitor performance and forecast future

earnings in companies.

 Investment Analyst – Utilizing data analytics to analyze threats and opportunities in

finance.

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  Risk Analyst – Utilizing methods to forecast potential finance-related risks.

4.1.3 Career Prospects in Consulting and IT Organizations

 Power BI Developer – Designing & Maintaining Business Reporting Dashboards

 Data Engineer – Managing data pipelines and integrating Power BI to enable real-time
analytics

 Data Analytics Consultant – helping organizations to make informed decisions by

leveraging Power BI and forecast modeling.

Top companies in India hiring for these roles include:

Job Role Salary Range (per annum) Top Hiring Companies

Business Intelligence ₹6-12 LPA TCS, Inosys, Wipro, Accenture

Analyst

Data Analyst ₹5-10 LPA Cognizant,IBM,PwC

Financial Analyst ₹6-14 LPA HDFC Bank, ICICI Bank

Revenue Analyst ₹7-15 LPA Flipkart, Amazon, Tata Cliq

Power BI Developer ₹6-12 LPA Microsoft, L&T Infotech

These jobs entail examining business statistics, producing reports, and assisting companies in
making decisions through data. As experience is gained, earnings can rise considerably, and
professionals can eventually work in senior data analyst, business intelligence manager, or
data scientist positions.

4.2 INTERNATIONAL PLACEMENT OPTIONS

The demand is not just in India. Overseas locations in the US, Canada, UK, Australia, and the
Middle East have lucrative job openings in domains related to business intelligence, finance
analytics, and making decisions through data.

4.2.1 High-Demand Global Roles

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  Data Scientist (Specialized in Revenue Forecasting) – Business growth prediction
through time series modeling.

 Business Intelligence Manager – Managing individuals who design Power BI

dashboards used in finance planning.

 Financial Analyst – Assisting multinational companies in making informed decisions by

predicting revenues.

 Corporate Strategy Analyst – Using Power BI to drive insights to inform international

business growth

Top companies in Global level hiring for these roles include:

Job Role Salary Range (per annum) Top Hiring Companies

Data Scientist (Revenue $90,000-$150,000 Amazon, Google, Apple, Microsoft

Forecasting)

Business Intelligence $100,000-$160,000 IBM, SAP, Deloitte

Manager

Financial Data Analyst $80,000-$130,000 Morgan Chase, HSBC

Corporate Strategy $95,000-$145,000 McKinsey, BCG, Bain & Company

Analyst

Senior Power BI Consultant$85,000-$140,000 EY, KPMG, Accenture

Foreign companies actively hire professionals who have experience in advanced Power BI
reporting, forecast modeling, and visualization. The positions have attractive offers in
remuneration, career development opportunities, and international experience.

26
 CHAPTER - 05

LEARNING EXPERIENCE
The 30-hour offline training in Forecasting Revenue Using Time Series Analysis in Power BI
was a learning experience rich in improving technical, analytical, and problem-solving skills.
The training stressed learning about trends in revenue, application of time series forecasting
methodology, and designing interactive dashboards for businesses for making informed
financial decisions. The training consisted of real-time datasets, application of forecasting
models, and designing industry-level dashboards in Power BI. The interweaving of
theoretical and practical sessions made this training highly efficient and fruitful.

5.1 BRIEF ON NEW SKILLS LEARNED

During this training, I have gained experience in business intelligence, forecasting for
revenue, and visualization in Power BI. The key skills gained are:

 Revenue Forecasting – Utilizing Power BI inbuilt forecasting features and advanced

statistical methods like moving averages, exponential smoothing, and ARIMA to offer
accurate projections.

 Advanced Data Visualization – Creating bar graphs, column graphs, pies, ribbon
graphs, tree maps, waterfall graphs, line graphs, and decomposition trees for easy and
interactive presentation of revenue insights.

 Dashboard Development – Mastering interactive and engaging Power BI dashboards

for financial decision-making and financial reporting.

 Data Processing in Power BI – Processing and shaping data in Power Query and DAX
(Data Analysis Expressions) for efficient cleaning and transformation and preparation for
accurate analysis.

They have provided me with a sound foundation in financial analytics and business
intelligence and prepared me for real application in financial, retail, healthcare, and
consultancy careers.

27
5.2 CHALLENGES FACED DURING TRAINING

Like in all learning processes, there were some difficulties in designing forecasting models
and dashboards. Some of them are:

5.2.1 Understanding Complex Forecasting Models

Challenge: Statistical modeling procedures like ARIMA and exponential smoothing required
extensive understanding of mathematical theory.

Solution: I was able to overcome this by practicing on different datasets and studying real-
life cases in order to understand how these models behave in different circumstances

5.2.2 Handling Big Data and Optimizing for Performance

Challenge: Difficulty in managing enormous volumes of information in Power BI created

slow report and processing times.

Solution: I have mastered streamlining data processing in Power Query and implementing
DAX formulas for improved efficiency.

5.2.3 Creating Interactive and Usable Dashboards

Challenge: Most challenging at early stages was creating dashboards easy to use and
aesthetically pleasing in nature.

Solution: I highlighted best practices in dashboard layout, including selection of suitable

charts, logical structure, and utilization of interactive filters.

5.2.4 Forecast Accuracy and Model Adjustments

Challenge: Challenges arose as some projections failed to meet actual revenue figures as a
result of external market conditions.

Solution: Improvement in Forecasting Accuracy I optimized parameters in the model and

incorporated variables outside it in the analysis.

Overcoming them boosted confidence in me for managing forecasting projects and making
recommendations based on data for businesses.

28
 CONCLUSION

This 30-hour Forecasting Revenue Using Time Series Analysis in Power BI training
experience was really special in bringing theory and application together. It provided me with
a comprehensive understanding of financial forecasting, business intelligence, and data
visualization and armed me with core competencies for making informed decision-making
based on data.

I have experience in examining previous trends in revenue, applied advanced tools for
forecasting such as moving averages, exponential smoothing, and ARIMA modeling, and
created interactive dashboards in Power BI. They are instrumental in identifying market
trends, optimising financial plans, and making informed business decisions.

Despite hindrances such as learning complex statistical modeling, dealing with vast databases,
and designing user-friendly dashboards, I overcome them with practicing, troubleshooting,
and optimisation techniques based on Power Query and DAX. Alongside enhancing the
quality of my technical skill, these experiences honed my thinking and problem-solving
capacities as well.

This training has been instrumental in preparing me for a career as a financial analyst,
strategic planner, and business intelligence expert. Since organizations are placing increased
emphasis on information-based decision-making, this skill and expertise obtained in this
program will be a sound foundation for real-time problem-solving and making meaningful
contributions towards achieving business success.
 BIBLIOGRAPHY

www.udyogbharatacademy.com
https://www.microsoft.com/en-us/power-platform/products/power-
bi/desktop
 TRAINING PROJECT WORK
PROGRESS REPORT
Sl. No. Particulars Details

1 Name of the Student Pavan Kumar SK

2 Registration Number P18IW23M015012

3 Name of College Guide Dr. P Chandrika Reddy

4 Name and contact no of the Co- Dinesh Chilka, Udyog Bharat.

Guide/External Guide (Corporate) Contact no: 9309153277

5 Name and Address of the Udyog Bharat

Company/Organization where Shree Ranga, Ravi Shankar Residency, 42,
Training Project undertaken with Kodigehalli Main Rd, Sahakar Nagar, Sanjeevini
start date Nagar, Bengaluru, Karnataka 560092.
6 Progress report

Meetings with Guides Regular meetings with internal and external

guides.
Training Sessions Attended Hand-on Power BI training, theory and practical
applications.
Libraries & References Used Power BI documentation, case studies, Udyog
Bharat resources.
Activities Taken Up Data analysis, time series forecasting, dashboard
development.
Software & Tolls Used Power BI, DAX, Time Series Model (ARIMA,
Exponential smoothing).
Challenges Faced Model accuracy, large dataset handling,
dashboard optimization.
Solutions Implemented Improved Data Preprocessing, Parameter
Adjustment, DAX Optimization.
Date:

Signature of the Candidate Signature of the College Guide

 Training Project Work
Day-wise Training
Report
Day Date Work Done
Day 1 Introduction to Time Series Analysis and its importance in revenue
forecasting.

Day 2 Overview of Power BI and its role in business intelligence.

Day 3 Understanding data preprocessing techniques. Importing datasets and

cleaning data.

Day 4 Handling missing values and transforming data for analysis.

Day 5 Introduction to DAX functions for data manipulation in Power BI.

Day 6 Applying Moving Average technique for revenue forecasting.

Day 7 Implementing Exponential Smoothing in Power BI for short-term

forecasts.

Day 8 Exploring ARIMA model for long-term revenue forecasting.

Day 9 Developing interactive revenue forecasting dashboards in Power BI.

Day 10 Using slicers and filters to enhance dashboard interactivity.

Day 11 Refining forecasting models based on historical data analysis.

Day 12 Identifying trends and seasonality in revenue data.

Day 13 Decomposing time series data into trend, seasonality, and residual
components.
Day 14 Testing different forecasting models for accuracy and performance.

Day 15 Comparing ARIMA vs. Exponential Smoothing vs. Moving Average

results.

Day 16 Building advanced visualizations using decomposition trees and waterfall

charts.

Day 17 Hands-on practice with real-world business revenue datasets.

Day 18 Analyzing and interpreting revenue patterns using Power BI.

Day 19 Creating automated dashboards with real-time data updates.

Day 20 Optimizing Power BI reports for performance and efficiency.

Day 21 Conducting case study: Predicting revenue trends for an organization.

Day 22 Adjusting forecasting parameters to improve model accuracy.

Day 23 Debugging errors in Power BI reports and refining dashboards.

Day 24 Reviewing the final forecast accuracy and refining data models.

Day 25 Finalizing revenue forecasting reports and dashboards for presentation.

Day 26 Structuring and formatting the final project report as per university
guidelines.

Day 27 Preparing key insights and findings for project presentation.

Day 28 Conducting a mock presentation and receiving feedback.

Day 29 Making final adjustments based on mentor and peer feedback.

Day 30 Final submission of the project report and Power BI dashboard.

Signature of the Candidate Signature of the College Guide