What are the Key Components of Transactional Data?
The key components of transactional data include:
Transaction ID: A unique identifier for each transaction. Timestamp: The date and time when the transaction occurred. Product/Service Details: Information about the items or services purchased. Transaction Amount: The total cost of the transaction. Payment Method: The method used to complete the transaction (e.g., credit card, cash, digital wallet). Customer Information: Details about the customer involved in the transaction, such as name and contact information.