7.7 Forecasting

Although this course will not focus on forecasting in great detail, it is a simple and useful feature of Tableau that is worth exploring. The disciplines of operations management, supply chain, and management decision making focus more on forecasting theory and techniques if you want to explore this topic further.

• [00:30] Sales data analysis and the flexibility of forecast modeling.

• [01:04] Enabling forecasting in analytics by ensuring data visibility.

• [01:32] Importance of complete periods and recognizing seasonal patterns.

• [02:03] Identifying spending spikes and ensuring sufficient data for accuracy.

• [03:11] Customizing forecast options and settings.

• [06:09] Enhancing accuracy with additive and multiplicative trends.

• [09:27] Conclusion on forecasting's value in dashboards.