Data Analytics for Accounting

Business

Quiz 5 :

Perform the Analysis: Types and Tools of Data Analyses

Quiz 5 :

Perform the Analysis: Types and Tools of Data Analyses

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Compilation of the financial statements would be a form of predictive analytics?
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False

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What kind of analytics tool or technique is generally used to perform diagnostic analytics?
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A

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Which type of question does diagnostic analytics address?
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C

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What type of analytics addresses questions of "Why did it happen?"?
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Optimization is most closely associated with prescriptive analytics.
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Which analytics tool or technique is generally used in descriptive analytics?
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What type of analytics would predict if a company is expected to go bankrupt?
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Classification is most closely associated with diagnostic analytics.
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"What should we do based on what we expect will happen?" is investigated using Prescriptive Analytics.
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An adjusted R-squared value of 0 represents no ability of the model to explain the dependent variable.
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Descriptive Analytics emphasizes "Why something happened?".
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Diagnostic Analytics emphasizes "What happened?".
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What is the second step in the AMPS model?
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Which type of question does descriptive analytics address?
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What type of analytics would investigate performance different than was expected, such anomalies/outliers?
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Which type of question does prescriptive analytics address?
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If we wanted to know what level of sales was achieved last quarter at a competitor company, we would perform __________ analytics.
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What type of analytics would include a classification analysis to assess whether the bank should extend a loan?
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Predictive Analytics emphasizes "Will something happen in the future?".
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What type of analytics would primarily use analytics to separate, or classify, a sample into two or more groups or classes?
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