Microsoft Excel 2021365 - Beginner to Advanced - Getting Forecast Data with FRED

The video tutorial explains the importance of forecasting in business and how Excel can be used for this purpose. It introduces the Fred add-in, which allows users to import U.S. and international data for forecasting. The tutorial demonstrates how to use Fred to quickly obtain data, modify date ranges, and format data in Excel, making it easier to practice forecasting and create visualizations.

Why is forecasting important in businesses?

What challenges did the speaker face when learning forecasting in Excel?

What is the purpose of the add-in called Fred?

What types of data can you import using the Fred add-in?

What steps do you need to take to download data into Excel using Fred?

How can you modify the date range of the data in Excel?

What is the significance of the data set used for practicing forecasting?