What is the ‘Historical Data Analysis’ in the ‘Predictive analysis’ in the business intelligence application software?
What is the ‘Historical Data Analysis’ in the ‘Predictive analysis’ in the business intelligence application software? Historical data analysis is important when the result needs to be predicted for business Growth and provide a similar result or increased profits from the old fluctuation of sales from the business model in the marketplace. The Business model such as:- a photo selling shop online updates a old style photo with collection which has been profitable in the past days or months because the customers wants these types of photos and images to purchase online and the photo selling business increases their profit due to analysis of historical data from the past days or month and it's earnings recorded in the website with the category of photos collection which the customer wants to purchase. “Historical Data Analysis” in the context of ‘Predictive Analysis’ refers to the process of examining past data to identify patterns, trends, and relationships. This forms the foundatio