For analytical review procedures, the most commonly used statistical technique is:
A) mean and standard deviation calculations.
B) regression analysis.
C) summarisation.
D) batching.

Question

Quizplus · Accepted Answer

Regression analysis is the most commonly used statistical technique in analytical review procedures because it helps in understanding the relationship between different variables, which is crucial for analyzing trends, making predictions, and identifying anomalies in financial data.

For Analytical Review Procedures, the Most Commonly Used Statistical Technique