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What elements of consistency should be considered in comparing data?
Wiki User
∙ 10y ago
There are three equally important areas of consistency that must be considered. these include time periods, as in time should be consistent. Example, a 10-month period should be annualized to reach a consistent amount of data. The second element is to make sure to use consistent methods when analyzing data. The same inventory method, regardless of what it is should be always used consistently for both the beginning of the year and for the end of the year. Thirdly, inflation should be taken in to consideration, especially if multiple years are being analyzed for a given report or period of time.
Wiki User
∙ 10y ago
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