![]() ![]() Analytics professionals are at the forefront of designing forecasts – quite a significant advantage to have! As Shark Tank alludes to throughout the show, if you can’t perform a forecast for your business/product/service, you’re heading for trouble, folks.įorecasting is everywhere – sales, marketing, operations, finance, etc. Given the scalable nature of business these days, I used to wonder how in the world are these guys forecasting their sales numbers? For someone who wasn’t yet acquainted with forecasting, this sure was an intriguing topic.Īnd let’s face it – forecasting is at the core of what we do in analytics and/or data science. ![]() Wonderful always asked – “What is your sales forecast for this year?” It’s such a simple question yet it started a conversation about the entire business model, framework, suitability, etc. I first came across the term forecasting, in the real-world business sense, in the popular TV show ‘Shark Tank’. We’ll work on a real-world case study to design and forecast sales in Microsoft Excel.Learn how to build an accurate forecast in Excel – a classic technique to have for any analytics professional. ![]()
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