In the context of data analysis, which of the following best describes trend analysis?
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.
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIA...
Wound
I. A lot of blood has been lost due to the deep wound .
II. It was intended primarily for families with kids...
Select the most appropriate antonym of the given word.
Imperative
Choose the word that roughly means the same as the word highlighted in the sentence.
The committee's decision to fund the project was a...
Select the wrongly spelt word.
Select the most appropriate word for the given group of words.
land covered with grass and other low plants suitable for grazing animals, especia...
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIA...
Select the most appropriate antonym of the given word.
Emancipate
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIA...
One who lends money on high rates of interest