The statement is correct. According to the NCERT textbook, Financial Statement Analysis is defined as 'the process of critical evaluation of the financial information contained in the financial statements in order to understand and make decisions regarding the operations of the firm.' The context further states that financial analysis 'can be useful in decision-making' and helps analysts estimate current and past financial positions to make predictions about future conditions. The analysis involves studying relationships among financial facts to gain insight into profitability and operational efficiency, which directly assists analysts in arriving at informed decisions.