Learn how to accurately compare quarterly sales data for year-over-year analysis. Discover the correct reports to use for Q2 2020 vs Q2 2019 comparison.
Table of Contents
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?
A. Q2 2020 and Q4 2019
B. YTD 2020 and YTD 2019
C. Q2 2020 and Q2 2019
D. Q2 2020 and Q2 2021
Answer
C. Q2 2020 and Q2 2019
Explanation
To perform a year-over-year Q2 2020 sales analysis, the data analyst should compare the sales data from Q2 2020 with the sales data from Q2 2019. This comparison allows for a direct evaluation of the company’s performance in the same quarter of the previous year, providing insights into growth, decline, or stability.
Comparing Q2 2020 with Q4 2019 (Option A) is incorrect because it compares different quarters, which may have seasonal variations and does not provide a year-over-year analysis.
Comparing YTD 2020 with YTD 2019 (Option B) is not suitable for a Q2-specific analysis as it includes data from Q1 and Q2, potentially obscuring the Q2 performance.
Comparing Q2 2020 with Q2 2021 (Option D) is not possible because, as of July 14, 2020, Q2 2021 has not occurred yet, and the data does not exist.
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