Trend Analysis in Excel

👉Sign up for Our Complete Data Science Training with 57% OFF: https://bit.ly/3sJATc9 👉 Download Our Free Data Science Career Guide: https://bit.ly/47Eh6d5 In this lesson, we will provide a practical example of how trend analysis can be used to uncover patterns in a company’s data. 👉Trend Analysis document Before: https://www.dropbox.com/s/45f6ewxk0r2wyqh/1.%20Trend%20analysis_before.xlsx?dl=0 👉Trend Analysis document After: https://www.dropbox.com/s/5e25v4124tqeiw5/1.%20Trend%20analysis_after.xlsx?dl=0 To make this exercise as close to real-life as possible, we will use some Excel formulas, so we will have to assume some pre-existing Excel knowledge. However, if you feel that you’re unable to follow along, please consider going through our Excel lessons. Overall, what we can see from the chart is that Revenue and Cogs didn’t increase proportionally. One can probably conclude that Cogs for this business have a prevalently fixed component, and some additional analysis would be needed to understand the reason for that. But at first glance, we can say that this is a business that can benefit greatly from economies of scale and higher revenues. ► Consider hitting the SUBSCRIBE button if you LIKE the content: https://www.youtube.com/c/365DataScience?sub_confirmation=1 ► VISIT our website: https://bit.ly/365ds 🤝 Connect with us LinkedIn: https://www.linkedin.com/company/365datascience/ 365 Data Science is an online educational career website that offers the incredible opportunity to find your way into the data science world no matter your previous knowledge and experience. We have prepared numerous courses that suit the needs of aspiring BI analysts, Data analysts and Data scientists. We at 365 Data Science are committed educators who believe that curiosity should not be hindered by inability to access good learning resources. This is why we focus all our efforts on creating high-quality educational content which anyone can access online. Check