What is the best way to represent historical data?

1. Which is suitable for historical data?
2. What is historical data model?
3. What is a historical data in accounting?

Which is suitable for historical data?

Historical data can be stored in a variety of ways, including databases, spreadsheets and text files. It is important to choose a storage method that is efficient and scalable so historical data can be easily accessed and analyzed.

What is historical data model?

The idea of historical modeling is to record changes to a system, instead of its state. The current state of a system can be calculated from a history of changes, but not the other way around. The history contains more information than the state.

What is a historical data in accounting?

Historical data is information about a company's past, such as its revenues, earnings, and stock price action. In a sense, all data is historical data, since only what has occurred can be recorded.