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The video tutorial discusses the process of sales forecasting within business planning. Sales forecasts estimate the quantity of a product a business expects to sell, which is essential for calculating sales revenue based on selling prices. This information is crucial for determining forecasted profit or loss when combined with cost data, as profit is a primary goal for most businesses. Additionally, accurate sales forecasts support cash flow forecasting, making them a vital aspect of overall business planning. The tutorial connects sales forecasting to financial planning, emphasizing its importance for understanding incoming revenue.