All language subtitles for 8 - Historical Data V1 (1) - lang_en

Historical data is above what's your metric show for the past.

So, for sales, we look at prior sales data from the last year or month.

For financial modeling, we look at

prior financial statements quarterly or annual results.

Here is an example of a financial model.

We're using these primers data on revenue and COGS to calculate our operating income.

We then use our historical data to calculate our assumptions.

Similarly for sales forecasting,

we use our prior months' data on bookings closed in one probability,

and these inputs are used to forecast out our future bookings.