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Assume figures were presented for the past 5 years on merchandise sold at Chicago department and discount stores ($ million). Sales in 2022 were $3,314; in 2021, $3,574; in 2020, $3,048; in 2019, $3,312; and in 2018, $3,376. Using 2018 as the base year, complete a trend analysis.

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Based on the sales given for the Chicago department and discount stores, the trend analysis:

  • 2018 - 100%
  • 2019 - 98%
  • 2020 - 90%
  • 2021 - 106%
  • 2022 - 98%

How is a trend analysis done?

To complete a trend analysis, you divide succeeding amount of a measure, by the base amount.

In this case, the succeeding figures would be the sales after 2018 while the base year is 2018.

Trend analysis:

2018:

= 3,376 / 3,376

= 100%

2019:

= 3,312 / 3,376

= 98%

2020:

= 3,048 / 3,376

= 90%

2021:

= 3,574 / 3,376

= 106%

2022:

= 3,314 / 3,376

= 98%

Find out more trend analysis at https://brainly.com/question/12639072

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