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Question 146 - DA0-001 discussion

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The current date is July 14, 2020. A data analyst has been asked to create a report that shows the company's year-over-year Q2 2020 sales. Which of the following reports should the analyst compare?

A.
A Q2 2020 and Q4 2019
Answers
A.
A Q2 2020 and Q4 2019
B.
YTD 2020 and YTD 2019
Answers
B.
YTD 2020 and YTD 2019
C.
Q2 2020 and Q2 2019
Answers
C.
Q2 2020 and Q2 2019
D.
Q2 2020 and Q2 2021
Answers
D.
Q2 2020 and Q2 2021
Suggested answer: C

Explanation:

To create a report that shows the company's year-over-year Q2 2020 sales, the analyst should compare the sales data from Q2 2020 and Q2 2019. Year-over-year (YoY) analysis is a method of comparing the performance of a business or a financial instrument over the same period in different years. It helps to identify trends, growth patterns, and seasonal fluctuations. Q2 refers to the second quarter of a year, which is usually from April to June. Therefore, the correct answer is C.

Reference: YoY - Year over Year Analysis - Definition, Explanation & Examples, What is an Annual Sales Report: Definition, metrics, and tips - Snov.io

asked 02/10/2024
Rudy Alexander Gonzalez
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