Question

Time dimension refers to the temporal aspect of data and is crucial in both Forecasting (FA) and Market Analysis (MA). What is the primary difference between FA and MA concerning the time dimension?

a) FA focuses on historical data, while MA involves predicting future trends.

b) FA and MA both rely on real-time data for accurate analysis.

c) FA and MA treat past and future data interchangeably.

d) FA solely relies on future projections, while MA analyzes past data.

Answer 1

Forecasting focuses on historical data, while market analysis involves predicting future trends.

Step-by-step explanation:

The primary difference between Forecasting (FA) and Market Analysis (MA) concerning the time dimension is that FA focuses on historical data, while MA involves predicting future trends.