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what is difference between "Refresh Statistics for the Last Day" and "Refresh Statistics lifetime" ?

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what is difference between "Refresh Statistics for the Last Day" and "Refresh Statistics lifetime" ?

Magento Version: 2.1.9

 

Module : Admin > Reports > Sales > Orders

 

I was never worked on report module of Magento 2 but as per my client requirement, need to show reports into backend so for that I checked above mention module but in that, i cannot able to show any report.

 

So for that, i read Magento 2 documentation and in that given if you need to show order entry into order report grid than must refresh statistics but I was confused which statistics I select from refresh statistics page?

 

so if anyone worked on the report of Magento 2 than please suggest me