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Data patterns, or trends, occur when the information gathered tends to increase or decrease over time or is influenced by changes in an external factor. Linear trend estimation essentially creates a straight line on a graph of data that models the general direction that the data is heading.
If the trend can be assumed to be linear, trend analysis can be undertaken within a formal regression analysis, as described in Trend estimation. If the trends have other shapes than linear, trend testing can be done by non-parametric methods, e.g. Mann-Kendall test, which is a version of Kendall rank correlation coefficient.
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Whether you use Microsoft Office Excel, Google Sheets or Apple Numbers, there’s a free spreadsheet for you. These budgeting templates will give you a head start from simple monthly and yearly ...
Analysis of Competing Hypotheses (ACH) is an open-source ACH implementation. [22] ACH Template [23] is an Excel sheet that implements the scoring and weighting methodology of ACH, more specifically the weighted inconsistency counting algorithm.
The trend-cycle component can just be referred to as the "trend" component, even though it may contain cyclical behavior. [3] For example, a seasonal decomposition of time series by Loess (STL) [ 4 ] plot decomposes a time series into seasonal, trend and irregular components using loess and plots the components separately, whereby the cyclical ...