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In this video tutorial, viewers learn how to create sales forecasts and budgets using Excel, a key skill for finance professionals and financial analysts. The process involves predicting future values based on historical data, such as sales figures and key performance indicators (KPIs). The tutorial specifically focuses on creating a sales forecast for Home Depot using quarterly sales data from 2012 to 2021. The presenter emphasizes the importance of visualizing the data by plotting it on a line chart for better understanding before performing the forecasting task. The segment highlights the ease of using Excel's forecasting features with just a few clicks.