An analysis of monthly sales compared with past years and budgets is a form of what type of testing?
A)Regression analysis.
B)Common size analysis.
C)Ratio analysis.
D)Trend analysis.

Question

Quizplus · Accepted Answer

Trend analysis is the process of analyzing data over time to identify any consistent patterns or trends. Monthly sales compared with past years and budgets is a form of trend analysis, as it involves tracking sales data over time to identify any upward or downward trends. Regression analysis is a statistical technique used to identify relationships between variables, while common size analysis and ratio analysis focus more on financial statement analysis rather than sales data.

An Analysis of Monthly Sales Compared with Past Years and Budgets