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In today's video, we explore a crucial Excel function for financial analysts: the forecast formula. This tutorial focuses on predicting future figures, such as sales or expenses, based on historical data. A sample dataset is provided, displaying sales numbers over the last 10 years, which we will use to forecast future sales for 2022, 2023, and 2024. The process begins by entering the forecast formula, which offers various options depending on the data model, including linear and exponential models. This foundational knowledge will aid in accurately estimating future financial performance.