Required: Select the analytics type (descriptive, diagnostic, predictive and prescriptive) to the analytics types used. Types of Analyses Used Ratio analytics Bank reconciliation Scenario analytics Pivot table analytics to find most profitable product or customer Classifying firms into those expected to have committed fraud vs. no fraud Fuzzy matching of vendors and employees to see if there are similarities in names or addresses Capital budgeting-evaluating cash flows Variance analytics-why price or quantity used is greater than expected Type of Analytics Descriptive Analytics Diagnostic Analytics Predictive Analytics Prescriptive Analytics
Required: Select the analytics type (descriptive, diagnostic, predictive and prescriptive) to the analytics types used. Types of Analyses Used Ratio analytics Bank reconciliation Scenario analytics Pivot table analytics to find most profitable product or customer Classifying firms into those expected to have committed fraud vs. no fraud Fuzzy matching of vendors and employees to see if there are similarities in names or addresses Capital budgeting-evaluating cash flows Variance analytics-why price or quantity used is greater than expected Type of Analytics Descriptive Analytics Diagnostic Analytics Predictive Analytics Prescriptive Analytics
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Required:
Select the analytics type (descriptive, diagnostic, predictive and prescriptive) to the analytics types used.
Types of Analyses Used
Ratio analytics
Bank reconciliation
Scenario analytics
Pivot table analytics to find most profitable product or customer
Classifying firms into those expected to have committed fraud vs. no fraud
Fuzzy matching of vendors and employees to see if there are similarities in names or addresses
Capital budgeting-evaluating cash flows
Variance analytics-why price or quantity used is greater than expected
Type of Analytics
Descriptive Analytics
Diagnostic Analytics
Predictive Analytics
Prescriptive Analytics
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