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In this video tutorial, the focus is on using Excel to create forecasts and budgets, essential tasks for finance professionals and financial analysts. The process involves predicting future values based on historical data, such as sales or other KPIs. The tutorial demonstrates how to calculate a sales forecast for Home Depot using their quarterly sales data from 2012 to 2021. The fiscal year ends on January 31st, and to facilitate analysis, quarter numbers are included. The first step in the forecasting process is to plot the data on a line chart for a clearer overview before proceeding with the forecast creation.