Technique of forecasting using statistical methods in order to predict future patterns of time series data.

System used at medical centres to assess a person’s injury or illness and rank according to severity.

Pattern showing the gradual change of a condition, process or average moving in one direction over time.

Simple technique of estimating the future values of time series data by extending current graph line.

Time series data that is represented graphically.

Curved or straight line on a trend chart indicating pattern or direction of time series data.

View that is optimistic where benefits of fast economic growth will flow from high income earners down through income levels and employment and disparity of distribution of income will be solved automatically.

Change in direction of trading exceeding normal correction point. See retracement.

Way of analysing information using a base line and then each period after that is stated as a percept of the base line.

Factor affecting insurance rates allowing for cost increases.

Quality control chart displaying deviation from an expected trend.

Taking place of trade in 3 countries or regions.

Scheme of network cabling where hubs are connected together in succeeding levels providing redundancy. Also known as cascaded star topology or tree network.

Technique in forecasting where (1) baseline scenario constructed using trends, (2) Future events are identified and evaluated for degree of impact (3) combined effects of 1 and 2 used to create future