Elements of Industry Analysis

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The scope of industry analysis is the study of co-relations and the strength of co-relations between industry trends and a range of economic and business variables. Analysts well versed in the trends, competitive environments, strengths and other characteristics of the industry, seek to make gains from or protect themselves from losses. Industry analysis also comes into use when analysts need to make forecasts about scenarios. Ideally analysts would have compared their forecasts as well as the variables to use them to see if all posts have been covered adequately. Realistically though this is not always possible as information is not shared.

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