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One of the advantages of trend analysis is that it is a simple way to predict future profits by looking at historical data. A disadvantage is that one computing error could create false data, which would give a misleading trend analysis.

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2d ago

Advantages: Helps identify patterns and predict future trends, enables informed decision-making based on historical data, provides insights into business performance over time.

Disadvantages: Relies on historical data that may not accurately reflect future outcomes, does not account for sudden or unexpected changes, may be influenced by outliers or anomalies in the data.

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Q: Provide a summary on the advantages and disadvantages of trend analysis?
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