Start learning 50% faster. Sign in now
Trend analysis is essential in data analysis as it examines past data to uncover recurring patterns, making it possible to forecast future trends. Businesses apply trend analysis in various domains, such as sales forecasting, inventory management, and customer demand prediction. By understanding past behaviors, companies can adjust strategies and resource allocation to match anticipated trends, ensuring operational efficiency and market competitiveness. Option A is incorrect because aggregating data is part of data wrangling rather than trend analysis. Option C is incorrect as segmentation is aimed at dividing data into categories rather than analyzing historical patterns. Option D is incorrect since real-time monitoring is different from forecasting future trends. Option E is incorrect as trend analysis aims at future applicability, not just past evaluation.
Which of the following is a non-scheduled bank?
Which of the following statements accurately describes the relationship between price and quantity demanded/supplied, considering potential exceptions?
Which of the following types of risks are not covered in BASEL II/III
Under the revised framework for Commercial Papers (CPs), what is the requirement for settlement of primary issuance of CPs in terms of time?
What is the name of the index that measures the performance of small-cap companies in the Indian stock market?
The maximum number of directorships that a person can have in a public company are ____ and in Private company are ___.
As per the Companies Act the conditions under which a person is ineligible for appointment as a director of a company ____________
Which of the following is not a major gold trading center?
What does R stand for in CRILC?
Accounting Standards do not permit following method of inventory valuation: