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Forecasting part 2- Naive Method, Exponential smoothing, Average,Weighted Average & Correlation
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📈 Predict Sales Like a PRO! 🔥 Easy Forecasting Methods for Beginners
Learn how to forecast future sales with simple yet powerful methods!
In this video, we dive deep into the world of sales forecasting, covering techniques like:
- Naive Forecasting: The simplest method, using past data to predict future sales.
- Average Method: Leveraging historical averages to smooth out fluctuations.
- Weighted Average Method: Giving more weight to recent data for a more accurate prediction.
- Exponential Smoothing: A sophisticated technique that considers past data with decreasing weights.
- Pearson Correlation: Understanding the relationship between your forecasts and actual sales.
This video is perfect for:
- Business owners: Improve your sales planning and budgeting.
- Marketers: Make data-driven decisions about your campaigns.
- Analysts: Gain a deeper understanding of forecasting techniques.
Click here to watch now and start forecasting like a pro!
Learn how to forecast future sales with simple yet powerful methods!
In this video, we dive deep into the world of sales forecasting, covering techniques like:
- Naive Forecasting: The simplest method, using past data to predict future sales.
- Average Method: Leveraging historical averages to smooth out fluctuations.
- Weighted Average Method: Giving more weight to recent data for a more accurate prediction.
- Exponential Smoothing: A sophisticated technique that considers past data with decreasing weights.
- Pearson Correlation: Understanding the relationship between your forecasts and actual sales.
This video is perfect for:
- Business owners: Improve your sales planning and budgeting.
- Marketers: Make data-driven decisions about your campaigns.
- Analysts: Gain a deeper understanding of forecasting techniques.
Click here to watch now and start forecasting like a pro!