What is Trend Analysis?
Trend Analysis is a technique used to project the current and future movement of events through a time-series data analysis. It involves the comparison of data over a specific period of time to spot a pattern or trend. Trend analysis methods can be used to forecast how the business will perform.
Benefits of Trend Analysis
- Performance Report
- Identifying Problem Area
- Predicting Long-term Performance
- Anticipating Problems and Making timely preparation
- Determining the Effects of Evolving Circumstances