An analyst uses the annualised return of a security over a ten-year period from 2009 to 2019 to forecast its future long-term performance. Which of the following reasons most likely drives the analyst's bias? a. None of the above b. The analyst only looks at survivors from 2009 to 2019 c. Historical data coming from different fundamental structures will bias the estimate O d. History often repeats itself but needs to be reviewed critically