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<p><span>Trend analysis is employed when it is required to analyze the trend of data s</span><span>hown in a series of financial statements of several successive years.</span></p>
Trend Analysis is the collection of data/information about any particular field may it be finance or fashion from the past, present and to arrive at future possible trends.
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.
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