By the end of this project, you will understand use cases for conducting forecasts in your workplace and be able to confidently conduct a trend forecast in any spreadsheet software. You will also understand when it is necessary to refine a model to improve the accuracy of forecasted trends. There are many times when having a crystal ball might be useful and it’s natural to leverage trusted predictions of future outcomes to prepare and drive best results. Predictions come our way in the form of the forecasted data we consume regularly in our personal and business lives. This data covers everything from the weather to projected investment returns. At work we use forecasted data for a multitude of purposes including developing strategies, budgets, to provide the right amount of resources to meet demand, and to create the best customer experience possible. In this course, you will build baseline prediction skills with statistical forecasting by designing, creating, and interpreting a sales trend forecast. You will do this as we work side-by-side in the free-to-use software Google Sheets. Note: This course works best for learners who are based in the North America region. We’re currently working on providing the same experience in other regions.
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