From the course: Financial Forecasting with Analytics Essential Training

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What do the results mean?

What do the results mean? - Microsoft Excel Tutorial

From the course: Financial Forecasting with Analytics Essential Training

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What do the results mean?

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- [Instructor] Jack and Diane are back! Jack and Diane have been following along with us, learning about financial forecasting as we have. Now they're ready to put what they've learned into practice. Jack wants to do a sales forecast to figure out where his company is going in comparison to their competitors, while Diane wants to go through an optimized pricing and determine its impact on sales. Now, let's take a look at some data that can help both of them. We've got a very different dataset than the employee theft data we worked with before. This dataset has almost 400,000 rows of data, and roughly a dozen different variables. This is essentially all of the data that Excel can handle. If you have any more data than this, you'll probably need to move to a professional software package, something like SAS, or Stata, or R. I've certainly done projects using those kinds of software, and your company perhaps has enough data…

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