Balanced Scorecard Software

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Trend lines can be used as a predictive tool.  They are derived from simple linear data sets and offer some guidance within a business context.  A linear trendline usually shows that something is increasing or decreasing at a steady rate.  Just a note of caution in business, select an appropriate range that correctly reflects the true trend.  Short-term ranges could be misleading.  From a predictive perspective, the R-squared value, indicates some level of reliance in terms of forecasting.  The closer R-squared is to one, the greater the reliance as a predictive tool.