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In conclusion, mastering the use of Excel’s TREND and FORECAST functions can significantly enhance your data analysis capabilities.
Excel forecasting is a key skill for analysts, enabling precise predictions to guide strategic decisions. Key techniques include linear trend analysis, seasonality, and data visualization.
Use historical data to forecast trends to use in sales, budgets, marketing and more. Excel provides accessible tools to create a graph and display the linear equation.
Forecast in Excel is a useful feature that helps you create a forecast based on historical time-based series data analysis. It has some newly built capabilities.