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?

The correct answer is C. Q2 2020 and Q2 2019. Year-over-year (YoY) analysis compares the same time period across consecutive years to identify growth trends while controlling for seasonality. Q2 covers April 1 through June 30. To perform a YoY comparison for Q2 2020, the analyst must compare Q2 2020 against Q2 2019 - the sam

Data Analysis

Question

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?

Options

AQ2 2020 and Q4 2019
BYTD 2020 and YTD 2019
CQ2 2020 and Q2 2019
DQ2 2020 and Q2 2021

How the community answered

(34 responses)

A
3% (1)
B
9% (3)
C
85% (29)
D
3% (1)

Explanation

Year-over-year (YoY) analysis compares the same time period across consecutive years to identify growth trends while controlling for seasonality. Q2 covers April 1 through June 30. To perform a YoY comparison for Q2 2020, the analyst must compare Q2 2020 against Q2 2019 - the same quarter one year prior. Comparing Q2 2020 to Q4 2019 (A) is a different quarter and would mix seasonal effects. YTD comparisons (B) are useful but not the same as a quarterly YoY. Q2 2021 (D) is in the future relative to the current date of July 14, 2020.

Topics

#Year-over-year comparison#Sales analysis#Quarterly reporting#Business metrics

Community Discussion

No community discussion yet for this question.

Full DA0-001 Practice