As part of an audit data analytics (ADA) procedure, some steps that might be used for regression analysis are:
A) Estimate the prediction equation using data that is not currently being audited (usually historical data)
B) Validate the prediction equation from a statistics point of view
C) Use the regression equation to make predictions for the data being currently audited
D) All these answer choices are correct.
Correct Answer:
Verified
Q48: When using cluster analysis, the characteristics of
Q49: Regression analysis is _.
A)a non-statistical process which
Q50: When the auditor uses the 'matching information
Q51: The simplest regression _.
A)is where the prediction
Q52: False positives refer to _.
A)items incorrectly identified
Q54: Regression analysis is best defined as _.
A)a
Q55: The auditor first obtains an understanding of
Q56: Regression analysis _.
A)comes in many forms, including
Q57: Cluster analysis is defined as _.
A)the process
Q58: When the auditor is performing audit data
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