Budget Forecasting in Power BI using Linear Regression: Manager's Guide

Join me as I break down the complexities of linear regression in Power BI and demonstrate how it's a game-changer for any manager's forecasting arsenal.
In this tutorial, I'll guide you through setting up your data model and interpreting the results to make informed business decisions.
🔍 What You'll Learn:
The fundamentals of linear regression for effective forecasting.
Navigating Power BI to set up your linear regression model.
Best practices for interpreting linear regression to influence your management decisions.
Useful articles: www.sqlbi.com/articles/implem....
🕒 Timestamps:
00:00 - Introduction to Linear Regression and its Application in Business Forecasting
01:08 - Exploring the Limitations of Linear Regression with Outliers and Seasonality
02:21 - Demonstrating Linear Regression in a Power BI Budget Tracking Report
03:44 - Detailed Walkthrough: Calculating Running Burn Down in Power BI
06:13 - Implementing Linear Regression Using DAX in Power BI
09:32 - Addressing Outliers in Data for Accurate Linear Regression
11:35 - Wrap-Up: Insights on Linear Regression for Future Videos
🎥 More about Power BI:
- Power BI Tips & Tricks: • Power BI Tips & Tricks
- APIs in Power BI: • Working with APIs in P...
- Analytics in Power BI: • Analytics in Power BI
- Deneb in Power BI: • Deneb in Power BI
✅ Subscribe for Exclusive Content: My channel is where management meets data. Follow my iOS development journey and discover Power BI secrets by subscribing to Introverted Manager.
💡 Join the Discussion: Have you used linear regression in your business reports? Let's discuss in the comments how it's impacted your managerial decisions!
#LinearRegression #PowerBI #ManagerialForecasting #IntrovertedManager #DataDrivenDecisions
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Music I use: www.bensound.com
License code: 0D7JYOMJ3VSHFNSG

[@user-zj1rv6ku2c]

Thank you so much for your quick response and suggestions on questions.

[@introverted.manager]

Any time! 🤗

[@tiruveedipradeepkumar1487]

Hi I have a very quick question. I received only sales data for 3 different countries. In the File Data is the same. All Columns and Data are the Same. How to prepare report and modelling in this case in power Bi

[@introverted.manager]

1. load all 3 files into power query within Power BI
2. Choose one of the tables
3. Append 2 other files to first one to get all the data combined in one table
Hope I understood your question correctly

[@tiruveedipradeepkumar1487]

Very Nice and Good information for freshers... Can you create ML series using power bi..(Linear Regression, Cluster Analysis, Random Forest,XG Boost..etc)

[@introverted.manager]

With DAX more advanced techniques aren’t possible, but can be done with R and/or Python integration in Power BI

[@EladAppel-ub3bs]

Thanks, if the dataset also has product name and channel name or customer name
assuming we add slicer visual of the customer and product, should this LINEESTX function work the same?

[@introverted.manager]

It should indeed

[@HakeemLawrence]

nice video bud. What video editor are you using?

[@introverted.manager]

Thanks!
I use Adobe Premiere Pro