Forecasting in Excel Tutorial
ฝัง
- เผยแพร่เมื่อ 28 มิ.ย. 2024
- In this step-by-step tutorial, learn how to forecast and how to use trend lines in Microsoft Excel.
Access the workbook that I used in this video here: 1drv.ms/x/s!AmxrofZZlZ-whIlCu...
Watch more Excel tutorial videos: • ❎ How to use Excel
- Learn the fundamentals of Excel in just 2 hours: kevinstratvert.thinkific.com
As full-disclosure, I work at Microsoft as a full-time employee. - วิทยาศาสตร์และเทคโนโลยี
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🏫 Learn the fundamentals of Excel in just 2 hours: kevinstratvert.thinkific.com
⏭ Watch next - playlist with all my free tutorial videos on how to use Excel: th-cam.com/play/PLlKpQrBME6xLYoubjOqowzcCCd0ivQVLY.html
Kevin, do you have any video about Multiple Linear Regression, in this video you mentioned only regarding single dataset but what about if our data is multivariate which need several trendline. Thank you
I'm an Inventory analyst and new in this job this really help my reporting ability and performance boost in my job. Great video thank you
"Let's say you work at, say........a workplace.." XD That was so random. Anyway, I've marked this video. Will definitely reference it when I'm learning. Really appreciate the presence and work of channels like this; helping people upskill themselves.
Love this. You’re really good at breaking things down and making them seem simple
Magnificent - I've had people try and get me to learn R just to do this type of forecasting. In the space of 11 minutes - I'm now a confident forecaster! Just like all your other videos - brilliant and easy to follow!
You are literally my excel professor thank you so much for having the best tutorials that are so easy to follow along with!!!
Wow!! x3 ---- I learned so much in just 11 minutes...and I didn't need to watch the video over again because your explanation was just ...concise, precise!! You're such an efficient and effective Teacher! Thank you so much, Mr. Stravert!
This is a phenomenal explanation of forecasting. So straightforward and simple even though it handles all the tricks of forecasting the trendline, stat. equation, forecasting model. The simplicity of the tutorial is 👌. Excellent job with this video Kevin!!!
Hi Kevin, that was exactly the functionality I needed and you presented it beautifully. Thanks a million!
Failed my Excel test 3 times because of one question-Forecasting. Watched about 5 videos for clearance. Kevin you just made it so clear. You are the man...🔥💯💯💯 Thank you.
I am an industrial engineer, I've take forecasting course in University , unfortunately your 11 minutes was more worthy and understandable than that coarse , thank you so much.
This is absolutely wonderful!! I can´t believe how quickly I got my forecasting done thanks to your video! Thank you for sharing. Following for more content :)
Thank you for the tutorial. I loved the trendline and the forecast, both.
Whenever I'm searching for any video and I don't see your tutorial on it, I feel very sad and this is because I find it very easy understanding your tutorials. Thanks alot for all you do.
Hey there Kevin. First off thank you for the videos. The way you explain how to use excel and its overall features has been easy to understand. In short, it has been very helpful and has given me more confidence when using this application for my work. Thanks again, I hope your channel continues to grow. Good luck!
This is actually so useful for forecasting financial ratios. Thank you so much
loved this..i have been using excel for a year now and v=never used forecast inbuilt feature...thanks @kevin you have just explained the most powerful tool for my day to day operations.
Hi Kevin. It was very detailed and informative. Would really appreciate if you made a video on descriptive and inferential statistics with an example the same way as this video.
Hi Kevin...great job.. and i love all of your videos... so educational.. and really helps me a lot.. thank you Kevin..
Thank you. This has been very helpful material. You explained it very clearly and simply.
Kevin, you are the best. And thank you for supporting me on my youtube channel.
Excellent, you explain so well! Thank you!
Wonderful. Absolutely solved my problem. Thanks for making your videos.
Thanks, this was really useful. Just what I was looking for.
TQ Kevin for your beneficial sharing.. love its.
Excellent! This is super smooth and very helpful.
I just found your channel. You solved issue which I was sondering about instantly. +1 sub from me! Keep up good work! I would be so gratefull to see more data anlysis methods in MS Excel ;)
My God... that was perfect... thank you so much, Kevin!
Thank you very much for explaining in such a simple way 👍👍
Straight to the point. That is why I like you
Solved my problem. Thanks Kevin !
You are a great teacher!
This was great. Thanks for sharing.
Thanks, this was really useful.
Very well presented and easy to follow
🎉 Thank you buddy. It's so nice what you are doing. May God bless you. Amina
Great video, best so far comparing to other YT stars.
Thanks a lot Kevin for this video... wonderful illustration and you made it so simple to understand with good explanation.
Appreciate the note Meenu! Glad it was helpful.
Amazing Video, Thanks for sharing!
This was great!
Kevin, Could you do a demonstration for sales forecasting? 5 customers, forecasting Sales for next year by quarter. Using 3 years of historical sales by quarter as the basis for your model? Using the forecast function vs. graph? I will use your graph to show sales by industry trending but for budget planning sales forecast by customer is needed to calculate the totals for each industry. Thanks for considering this idea.
Hey Kev thanks again for all these informational videos! U rock!
Thanks for the note TouRon! I like your informational videos as well!
Kevin Stratvert makes my day bro!!! THANK YOU! Im glad you like it!! 🙏🙏🙏☺️☺️☺️☺️
Thank you Kevin
This is the best explanation on forecasting. One problem however, is that on Mac, the forecasting function doesn't show. Any workaround? A video would be fantastic!!
Great Video as always, Prof. Kevin. Can you please get us a video on spend analytics, Inventory Service Level, and Fill rate in excel? Thank you.
Thanks Kevin
Thanks a lot 🙏🏻🙏🏻
Hi Kevin, your tutorials has helped me alot. One of my biggest downfalls is understanding Forecasting. I think I got it but I have an issue I want to run by you. We just started a new report in January. It has data for December, January, February but nothing for March, April, May. They held all the data from those months and entered them for June. The problem is how do you forecasting this type of table with such a huge gap?
very nice. I need to learn with seasonal data. Plz make a lecture on that
thank you!!!
Goof learning video sit. Thank u
"Work in a workplace." lol. Great video, thank you for the demonstration!
Awesome video! Quick question, hopefully you or some of the responders can assist? is there a way that forecasting can be used in a Dynamic way? Ie if you have a good estimate through historical data of what items you are going to use to service a vehicle fleet going, however, that fleet will have ongoing planned reductions can excel forecast what items will no longer be needed?
Thank you Kevin. This was really useful. How to change the exponential Y values into exact values?. For Example Y= 23825x - 5E+07. I want to get the exact values of 5E+07.
Great job sir. Thank you; one question, I have daily data inputs for the past month, but using the "Forecast Sheet" It won't let me go out past 1 week?
Any help is appreciated!
Ryan
but forecast sheet is not available on mac.
Great video! Question, how did you get the dates to consolidate from day to month?
Can you tell us how to force the trendline to only consider the linear portion of a curved plot, but without removing data points? So that the trendline has a different slope. Thanks.
thanks alot
Than you ❤
Too much learning
Your video was really good but it would have helped if you could have shown the statistical info table and explain what each term means.
Nice video. I want to analyse recovery percentage of a court. I have recovery data for 10 years. How do I show the trend in percentage terms?
Hi Kevin, When plotting the prediction intervals on the chart, I noticed the chart doesn’t update when you select the log tic box. Is there a way around this or do you know how? I need the prediction intervals to adjust based on logarithmic scale. Thanks
I would like to know if you can link 2 workbooks together and when you make changes on either one will it link and keep the formulas on each workbook and same information?
Nice video, I have data spanning over 32 Cell-Column, and 46,733 Cell-Row. ( That is 32 Columns by 46,733 Rows) Which method can I use to carry out forecast on this data using Microsoft Excel?
Hi Kevin, thank you for the video. When I did the Forecast Sheet, it didn't take the dates. It only used numbers. Any suggestions?
Nice & concise video. However I can't see Forecast sheet ribbon in my Excel. May be it's not available for Mac. Is there any workaround / other option for the same ?
3rdly, there is forecast function as well
Hi kevin can we use 3 variables in forecast? Like YoY Plan vs Actual with Projections?
Kevin, looks we can use the forecast sheet first and then apply the forecast adding/using the trend line and forward periods. Does that make sense or is that a wrong method?
Hi kevin, it does not appear as a calendar on my forecast end instead it appears to choose numerical would u please suggest ?..thank you very much ! :)
Hi, may I know which year or type of excel that you are using, as I can’t find a “+” sigh when clicking the graph to make a trending line
Hello, I constructed a trendline for my sigmoidal graph in excel (Concentration vs Absorbance curve) however it generates an inaccurate equation which gives answers outside of the range of my data. What do you think can be the cause of this? Anyone that knows this, please reply. I need an answer as soon as possible.
So, we are now in 2021. Was the forecast correct, Kevin?
Hi, I used Mac version of excel and I don’t see the Forecast function on the ribbon. Is this something I need to install?
can you add a vertical line to show when you might reach a certain goal within the forecast? like when would you hit the 150000 mark as an example
you could just put the desired mark as a y value in the equation and solve it showing x=...but I think you already solved it by now :-)
please can you share a video on vlookup. thanks.. by the way, ur tutorials are awesome..!!!
What if you have forecast by a product? Can this forecast sheet help with that as well?
How do you do this forecast graph with a Mac? I have Excel 2016 and I do not have the Forecast Sheets option.
I actually appreciate your videos. They are educative. However, please do a video on how to analyze plant populations.
Please i want to backcast data, how do i do that?
Hey Kevin, how accurate did these forecasts come to be?
How can I make my axis remain at zero and not go negative?
It seems there is a limit on how far out forecast will go. Is that correct?
Kevin, your example used daily data....I'm trying to use quarterly data and Excel doesn't like that and won't forecast, how do you work around this?
How do I extract the forecasted values to my spreadsheet
What is actual results of view that u have predicated?
kevin bro
How about using the
Excel 2013?
while forecasting sales excel is taking negative values in upper and lower bound..how to remove it.
How do you get to the "format trendline option" in iMAC?
RFM ANanlysis using excel please
How would you that forecast for many SKU simultaneously
How to plot one forecast line graph when I have multiple columns?
Do I need to do the forecast column by column?
Simplistic
How'd it come out?
how do i activate the forecast tab on excel 2013
Kevin, did it work? Did you actually get the 1.2 million views a year from then?
Do you use a laptop or a computer as your daily driver?
Both :) For work at Microsoft, I use a laptop as my primary device... I'm a program manager and we tend to be on the go a lot more, so a laptop makes the most sense. For developers, they'll typically have a desktop. At home and for my TH-cam videos, I use a desktop.
@@KevinStratvert I would guess you have OneDrive where you sync your files right
Or you can make a prediction on when this covid curve will finally flatten. So many people make these graphs with the daily figures announcement.
It's an interesting one. Predicting the COVID infection curve is a little more complicated since there are many factors that influence the forecasts. For instance, when cities/states re-open, potential vaccines, how effective people are at social distancing, when travel resumes, etc. This is just a very simple look at forecasting based on past behavior and assuming the past behavior is a good predictor of the future. Cheers!