Historical data analysis

Historical data analysis involves examining past data to identify patterns, trends, and relationships. By studying previous information, such as sales figures, financial records, or customer behavior, analysts can make informed decisions about future actions. It helps organizations understand what has happened, why it happened, and how it might influence upcoming strategies. This process is essential for predicting future outcomes, improving efficiency, and reducing risks. Essentially, it turns raw past data into valuable insights that guide smarter planning and decision-making.