Free Trend Analysis As A Method Critical Thinking Sample

Trend Analysis

Trend analysis can be described as the process whereby data from present and past activities of an entity are compared to identify a consistent outcome. The outcome so identified can then be used to predict what future results would be or are likely to be. It helps in forecasting the future and hence, making it possible to plan for the future. When trend analysis information is used well by a business entity, for example, it will help the entity have a competitive edge over the rest. The entity will predict the possible future needs of the industry and plan for it before its competitors.
In Fashion and Textile Trend Forecasting, trend analysis is equally important. The fashion and textile industry has become very competitive. Anyone that intends to succeed in the industry must have the urge to always stay ahead of the rest. To be a pacesetter in the industry, trend analysis will be a useful companion. Using information from a trend analysis process, a fashion expert can start planning and even start developing fashion items that will be adored and cherished in the near future. Trend analysis may also be useful in fashion and textile trend forecasting by providing evidence that will inform decision making as to which fashion and textile trends are likely to prevail in the industry in future. The textile industry is evolving fast, and people are leaning more towards certain fabrics than to others. A trend analysis will identify which fabrics are likely to be preferred in future and hence, inform a forecasting decision. Such a decision is important in keeping a business ahead of the others in the industry.