How can you use trend analysis to improve resource forecasting?
Resource forecasting is a crucial skill for operational planning, as it helps you anticipate the demand and supply of your inputs and outputs. However, resource forecasting can be challenging, especially when you have to deal with uncertainty, volatility, and complexity. That's why trend analysis can be a valuable tool to improve your resource forecasting accuracy and efficiency. Trend analysis is the process of identifying and analyzing the patterns, directions, and changes in your data over time. In this article, you will learn how to use trend analysis to improve your resource forecasting in four steps.