Opole, Poland

Trend Analysis and Forecasting in Business

Analiza i prognozowanie trendów w biznesie

Language: Polish Studies in Polish
Studies online Studies online
University website: www.merito.pl/english/opole
Analysis
Analysis is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (384–322 B.C.), though analysis as a formal concept is a relatively recent development.
Business
Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.
Forecasting
Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods. Usage can differ between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period.
Trend
Trend, trending, or trends may refer to:
Business
Business has to be fun. For too many people, it's "just a job."
Jack Welch (2001) Jack: Straight from the Gut Ch. 24.
Business
O brave youth, how good for thee it were couldst thou be made to understand how infinitely precious are thy school years—years when thou hast leisure to grow, when new worlds break in upon thee, and thou fashionest thy being in the light of the ideals of truth and goodness and beauty! If now thou dost not fit thyself to become free and whole, thou shalt, when the doors of this fair mother-house of the mind, close behind thee, be driven into ways that lead to bondage, be compelled to do that which cripples and dwarfs; for the work whereby men gain a livelihood involves mental and moral mutilation, unless it be done in the spirit of religion and culture. Ah! well for thee, canst thou learn while yet there is time that it will profit thee nothing to become the possessor of millions, if the price thou payest is thy manhood.
John Lancaster Spalding, Aphorisms and Reflections (1901), pp. 58-59.
Analysis
Vieta presented his analytic art as "the new algebra" and took its name from the ancient mathematical method of "analysis", which he understood to have been first discovered by Plato and so named by Theon of Smyrna. Ancient analysis is the 'general' half of a method of discovering the unknown in geometry; the other half, "synthesis", being particular in character. The method was defined by Theon like this: analysis is the "taking of the thing sought as granted and proceeding by means of what follows to a truth that is uncontested"'. Synthesis, in turn, is "taking the thing that is granted and proceeding by means of what follows to the conculsion and comprehension of the thing sought" (Vietae 1992: 320). The transition from analysis to synthesis was called "conversion", depending on whether the discovery of the truth of a geometrical theorem or the solution ("construction") to a geometrical problem was being demonstrated, the analysis was called respectively "theoretical" or "problematical".
Burt C. Hopkins, "Nastalgia and Phenomenon: Hussel and Patočka on the End of the Ancient Cosmos," The Phenomenological Critique of Mathematisation and the Question of Responsibility: Formalisation and the Life-World (2015) ed., Ľubica Učník, Ivan Chvatík, Anita Williams, p. 71, Contributions to Phenomenology 76

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