What role does trend analysis play in business reporting?

  • Analyzing data outliers to improve overall performance.
  • Comparing data across different business units.
  • Evaluating individual data points for accuracy.
  • Identifying patterns and changes over time to make informed business decisions.
Trend analysis in business reporting involves identifying patterns and changes over time. This helps businesses make informed decisions based on historical data, anticipate future trends, and understand the factors influencing performance.
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