Microsoft Excel 2021365 - Beginner to Advanced - Adding Confidence Levels

The video tutorial explains how to use Excel to create forecasts using the ETS method, which includes seasonality. It covers adding confidence levels to forecasts, calculating upper and lower confidence bounds, and visualizing these in line charts. The tutorial also compares different forecasting methods and highlights the importance of confidence intervals in predicting future values.

What are the steps to add upper and lower bounds to a forecast in Excel?

Evaluate responses using AI:

OFF

Describe the process of creating a line chart for the ETS forecast.

Evaluate responses using AI:

OFF

What does a 95% confidence level indicate about the predicted values?

Evaluate responses using AI:

OFF