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A Fiscal Reporting Calendar will have a comparable date in the calendar appear on the same day of week every year. It will have the same number of weeks and days in the month every year. It will have the same number of weeks in each quarter each year (apart from a required occasional adjustment). So any comparisons using a Fiscal Reporting Calendar will be true comparisons of business differences rather than the consequence of the difference in the calendar from year to year.
BIAnalytix is a data warehouse and business intelligence system from Decentrix which supports three calendars including a stable Fiscal calendar. The resulting stability of past comparisons supports forecasting models based on real trends rather than calendar differences from year to year.
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