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Answer: Qingyi is using Trend Analysis
Explanation: Trend analysis is the technical analysis that attempts to predict future performance based on past trend data. This analysis generally uses historical data, for example, analyzing market movements in past trends, to make long-term decisions regarding investments in the future.
Qingyi develops a statistical model to predict the labor demands for a six-county area. In doing so, Qingyi is using trend analysis.
What is trend analysis?
- The common process of gathering data and looking for patterns in order to identify trends is known as trend analysis.
- The phrase has more clearly defined meanings in several academic disciplines.
- Although trend analysis is frequently used to forecast future events, it can also be used to estimate ambiguous historical events, such as the approximate number of ancient kings who likely reigned between two dates, using information such as the average number of years other known kings were in power.
Who are laborers?
- A worker is a person who performs manual labor, often in the manufacturing and construction workforces.
- Workers belong to a class of wage earners whose only substantial material asset is their work.
Therefore, Qingyi develops a statistical model to predict the labor demands for a six-county area. In doing so, Qingyi is using trend analysis.
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