A Practical Look at Linear Regression in Power BI for Budget Forecasting

In the realm of data analysis and business forecasting, linear regression stands as a pivotal tool, offering insights into future trends based on historical data. My latest video takes a dive into the application of linear regression within Power BI, focusing on its use for tracking and forecasting a budget within a managerial context.

The demonstration reveals a potential surplus by year's end, based on current spending trends. This insight not only highlights the predictive capabilities of Power BI but also underscores the importance of accurate data modeling for effective decision-making.

For a detailed walkthrough of the process, including dealing with outliers and employing DAX functions, I invite you to view the full tutorial.