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The results show that pre-whitening cannot really improve trend identification when using the MK test, but cause wrong results sometimes.
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"We remain skeptical that Morrison will be able to improve trends radically in the near term," Geissler says.
But he said: "We're on an improving trend.
This fits with an improving trend across the world.
Underlying revenues would show an improving trend in 2013 and 2014.
"And the improving trend in jobless claims is supportive for future spending".
Including the birth cohort dimension improves trend studies of mortality and health.
But Canaccord Genuity was more positive: Mitchells & Butlers reported prelims a fraction below our expectations but there's a fragile but improving trend developing.
The holiday operator Thomas Cook said on Thursday it had seen an improving trend for summer holidays since it reported first quarter results, with overall bookings up 2%.
Clothing sales have been in decline for more than three years, but recent figures have pointed to an improving trend at the high-street chain.
"You need to have an improving trend in industrial production globally, and I think that's still some way off," Mr. Smith said.
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Justyna Jupowicz-Kozak
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