What Challenges are Associated with Historical Data Analysis?
Despite its benefits, historical data analysis comes with challenges, such as:
Data Quality: Inaccurate or incomplete data can lead to misleading conclusions. Data Integration: Combining data from different sources can be complex and time-consuming. Data Volume: Managing and analyzing large volumes of data requires robust infrastructure and expertise. Bias and Interpretation: Historical data may contain biases, and incorrect interpretation can result in flawed decisions.