Definition The long-term direction of a time series once short-term ups and downs are set aside. It can rise, fall or stay flat.
Example Skye Ascent made 2 launches in 2023, 3 in 2024 and 4 in 2025. Three points suggest a rising trend. They are too few to prove one.
Skye Ascent Ltd is a fictional company created for Insyt.
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Why it matters Trends show direction, which matters more than a single data point.
Where it is used Reports, presentations and planning meetings.