Florida Worksheet - Trend Analysis

State:
Multi-State
Control #:
US-04084BG
Format:
Word; 
Rich Text
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Description

The term trend analysis refers to the concept of collecting information and attempting to spot a pattern, or trend, in the information. It involves a method of time series data (information in sequence over time) analysis involving comparison of the same item (such as monthly sales revenue figures) over a significantly long period to (1) detect general pattern of a relationship between associated factors or variables, and (2) project the future direction of this pattern. To track emerging trends that can affect small businesses in general and your business in particular, you need to stay informed.

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FAQ

Go to the File menu (in 2013 and later versions) or Office button (in 2010 and earlier versions).Opening a file menu in Excel.Select options in the File menu.Autofill series list.Create a custom autofill series list in excel.Drag fill handle to create a custom autofill series list in excel.

How to Write a Trend Analysis SummaryDescribe the collected data analyzed within the report.Detail the criteria you used to evaluate the data.List any and all results that seem to indicate trends.Explain any recommendations your trend analysis report will make in the conclusion section of the report.

Add a trendlineSelect a chart.Select the + to the top right of the chart.Select Trendline. Note: Excel displays the Trendline option only if you select a chart that has more than one data series without selecting a data series.In the Add Trendline dialog box, select any data series options you want, and click OK.

Put the mouse pointer over the bottom right-hand corner of the cell until it's a black plus sign. Click and hold the left mouse button, and drag the plus sign over the cells you want to fill. And the series is filled in for you automatically using the AutoFill feature.

Examples of Trend AnalysisExamining sales patterns to see if sales are declining because of specific customers or products or sales regions; Examining expenses report claims for proof of fraudulent claims. Examining expense line items to find out if there are any unusual expenditures in a reporting period.

There are three types of trend analysis methods geographic, temporal and intuitive.

To AutoFill a series as a growth trend:Select at least two cells that contain the starting values.Press the right mouse button and drag the AutoFill handle on the bottom right corner of the second or last selected cell in the direction you want to fill.Release the mouse button.More items...

How to Write a Trend Analysis SummaryDescribe the collected data analyzed within the report.Detail the criteria you used to evaluate the data.List any and all results that seem to indicate trends.Explain any recommendations your trend analysis report will make in the conclusion section of the report.

Here are the steps to fill the series of numbers:Enter a 1 in the first cell and press Ctrl+Enter to keep the cell selected.Press & hold the Ctrl key.Use the fill handle to drag the number down one cell. A 2 will be placed in the next cell.Double-click the fill handle to perform the fill series on the column.

1 Choose Which Pattern You Want to Identify. The first and most obvious step in trend analysis is to identify which data trend you want to target.2 Choose Time Period.3 Choose Types of Data Needed.4 Gather Data.5 Use Charting Tools to Visualize Data.6 Identify Trends.

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Florida Worksheet - Trend Analysis