It would not be wrong to suggest that industry trend reports would be examined for making predictions. It would be pertinent to mention here that the study would be inclusive of various kinds of trends associated with employment, consumer behavior, new product development, technological advancements, government norms, competition and other available aspects that would be affecting the industry largely.
Among the major sources of identifying and information of industry trends, one would be standard and poor industry surveys. They would cover a wide number of industries. Their study would comprise examining the prospects along with fundamental analysis of every industry while making a comparative analysis of company data.