What Is Historical Analysis

question 49

Multiple Choice

What is historical analysis?

• A) When numerical data is available,a trend can be plotted to display changes through time and into the future
• B) A trend is examined to identify its nature,causes,speed of development and potential impacts
• C) Trends viewed as particularly important in a specific community,industry or sector are carefully monitored,watched and reported to key decision makers
• D) Historical events are studied to anticipate the outcome of current developments

---

Definitions:

Double Moving Average Model

A method used in time series analysis and forecasting that involves taking averages of averages to smooth data series and detect trends.

Trend

The general direction in which something is developing or changing over time.

Seasonal Effect

Variations in data or phenomena that occur at specific regular intervals within a year, attributable to the changing seasons.

Cyclical Effect

Economic fluctuations or trends that occur over regular time intervals, often related to business cycles.