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Understand how forecasting supports decision-making and identify use cases for forecasting trends.
Visualize and statistically examine the data by testing the slope of the regression line and creating a line chart.
Conduct linear regression and compare trend forecasting to other techniques.
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.
Predict Sales
Forecasting
Feature Engineering
Trend Analysis
Business Intelligence
In a video that plays in a split-screen with your work area, your instructor will walk you through these steps:
Understand how forecasting supports decision-making and access Google Sheets.
Identify use cases for forecasting trends.
Understand and recognize linear and exponential growth.
Visualize and statistically examine the data by testing the slope of the regression line and creating a line chart.
Conduct linear regression and compare trend forecasting to other techniques.
Understand how to evaluate models and when to apply feature engineering techniques to improve prediction accuracy.
Your workspace is a cloud desktop right in your browser, no download required
In a split-screen video, your instructor guides you step-by-step
By purchasing a Guided Project, you'll get everything you need to complete the Guided Project including access to a cloud desktop workspace through your web browser that contains the files and software you need to get started, plus step-by-step video instruction from a subject matter expert.
Because your workspace contains a cloud desktop that is sized for a laptop or desktop computer, Guided Projects are not available on your mobile device.
Guided Project instructors are subject matter experts who have experience in the skill, tool or domain of their project and are passionate about sharing their knowledge to impact millions of learners around the world.
You can download and keep any of your created files from the Guided Project. To do so, you can use the “File Browser” feature while you are accessing your cloud desktop.
Guided Projects are not eligible for refunds. See our full refund policy.
Financial aid is not available for Guided Projects.
Auditing is not available for Guided Projects.
At the top of the page, you can press on the experience level for this Guided Project to view any knowledge prerequisites. For every level of Guided Project, your instructor will walk you through step-by-step.
Yes, everything you need to complete your Guided Project will be available in a cloud desktop that is available in your browser.
You'll learn by doing through completing tasks in a split-screen environment directly in your browser. On the left side of the screen, you'll complete the task in your workspace. On the right side of the screen, you'll watch an instructor walk you through the project, step-by-step.
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