What is first quarter mean?

Answer 1

The first quarter refers to the initial three-month period of a calendar year, encompassing January, February, and March. In a business context, it often denotes the first quarter of a fiscal year, which may or may not align with the calendar year. This period is significant for financial reporting and analysis, as it provides insights into a company's performance early in the year. Additionally, in statistics, the first quarter can refer to the 25th percentile of a data set, indicating the value below which 25% of the observations fall.