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In this lesson, we will explore Excel's time series capabilities by analyzing the decline in retail sales in 2020 due to the pandemic. The tutorial involves downloading relevant data on retail and food services sales, which can be accessed via a provided link. The process includes navigating to the monthly retail sales section, proceeding to the next page, and downloading the appropriate file containing the data. Once the file is opened, it presents key figures: adjusted retail and food services totals for 2020, with monthly data organized across the row. The goal is to create a table displaying the monthly totals for 2020.