Your question is Approach to Variance Analysis. Take a moment with it on the right.
Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).
You are reviewing business performance against plan and need to explain where results differed from budget, forecast, or prior period. The goal is to separate normal fluctuation from meaningful drivers, then connect those drivers to actions the business can take. A strong answer should show how you define the right baseline, break the variance into components, and translate the findings into decisions.
How do you approach variance analysis, and what insights can it provide?