Nevada Worksheet - Trend Analysis
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FAQ
There are three types of trend analysis methods geographic, temporal and intuitive.
In order to do trend analysis, you must decide on what segment, industry, or even asset you want to use. For example, you may want to look at the bond market. Once you make this decision, you also need to determine the period. There is no consensus on the actual amount of time for the movement to be considered a trend.
Create a chartSelect the data for which you want to create a chart.Click INSERT > Recommended Charts.On the Recommended Charts tab, scroll through the list of charts that Excel recommends for your data, and click any chart to see how your data will look.When you find the chart you like, click it > OK.More items...
The TREND function returns values along a linear trend. It fits a straight line (using the method of least squares) to the array's knowny's and knownx's. TREND returns the y-values along that line for the array of newx's that you specify.
Here are the steps to follow:Put the X values for which you want predictions in a column of cells, such as B8:B10.Select the cells in which you want the predictions displayed; in this example C8:C10.Enter the following formula: =TREND(C3:C8,B3:B8,B10:B12)Press Ctrl+Shift+Enter to complete the formula.30 June 2006
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.
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.
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.
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.
