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Trend analysis
An analytical technique that uses mathematical models to forecast future outcomes based on historical results. It is a method of determining the variance from a baseline of a budget, cost, schedule, or scope parameter by using prior progress reporting periods' data and projecting how much that parameter's variance from baseline might be at some future point in the project if no changes are made in executing the project.
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- Part of Speech: noun
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- Industry/Domain: Business services
- Category: Project management
- Company: WSDOT
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