Which of the following statements is true about the characteristics of real-time analysis?
A) With real-time analysis in place, there is no need for continual improvement and updating of indicators.
B) It is a distinct technique because it specifically analyzes each transaction for correctness rather than for fraud.
C) Effective real-time analysis allows real-time modification and deletion of less-effective indicators.
D) The most effective real-time analysis uses indicators that are hard-coded into the system.

Question

Quizplus · Accepted Answer

Effective real-time analysis allows for modification and deletion of less-effective indicators in real-time. Continual improvement and updating of indicators is necessary for effective fraud detection. Real-time analysis may analyze each transaction, but it is not specific to correctness or fraud. The effectiveness of indicators may change over time, so hard-coding them into the system may not be the most effective approach.

Which of the Following Statements Is True About the Characteristics