The term "trend analysis" refers to the concept of collecting information and attempting to spot a pattern, or trend, in the information. In some fields of study, the term "trend analysis" has more formally-defined meanings.[1][2][3]

Although trend analysis is often used to predict future events, it could be used to estimate uncertain events in the past, such as how many ancient kings probably ruled between two dates, based on data such as the average years which other known kings reigned.

Project management

In project management trend analysis is a mathematical technique that uses historical results (loosu) to predict future outcome. This is achieved by tracking variances in cost and schedule performance. In this context, it is a project management quality control tool.[4][5]

Statistics

In statistics, trend analysis often refers to techniques for extracting an underlying pattern of behaviour in a time series which would otherwise be partly or nearly completely hidden by noise. A simple description of these techniques is trend estimation, which can be undertaken within a formal regression analysis.

History

Today, trend analysis often refers to the science of studying changes in social patterns, including fashion, technology and the consumer behavior.

The above definition has been obtained from Wikipedia under the creative commons license.  The Trend Analysis definition was obtained from http://en.wikipedia.org/wiki/Trend_analysis on August 17, 2011.  We may update (alter) the definition from time to time.  If you want to view the most current definition in its original form, please visit the Wikipedia website.