DATA ANALYTICS FOR ACCOUNTING W/CONNECT
1st Edition
ISBN: 9781260574449
Author: RICHARDSON
Publisher: MCG
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Textbook Question
Chapter 3, Problem 5MCQ
In general, the more complex the model, the greater the chance of.
- a. Overfitting the data.
- b. Underfitting the data.
- c. Pruning the data.
- d. The need to reduce the amount of data considered.
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Which of the following is NOT true about simulation models?
Option-
a. Simulations can be used to analyze processes that cannot be evaluated well analytically.
b. A simulation model is used to get estimates; an analytical model provides detailed analysis.
c. Simulations can use actual probability rates for both demand and service rates.
d. Analytical and simulation models are often used in combination.
Which of the following is not a cause of mistakes in model building?
Choices:
A.Sub-optimal choice of functions
B.Overconfidence, lack of checking and time constraints
C.Inability to use logical functions
D.Insufficient use of general best practices relating to flow, formatting and audit paths
E.All of the choices are causes of mistakes
An advantage of the high-low method is that it
a. is subjective.
b. is objective.
c. is the most accurate method.
d. removes outliers
e. is descriptive of nonlinear data
Chapter 3 Solutions
DATA ANALYTICS FOR ACCOUNTING W/CONNECT
Ch. 3 - Prob. 1MCQCh. 3 - Prob. 2MCQCh. 3 - Prob. 3MCQCh. 3 - Prob. 4MCQCh. 3 - In general, the more complex the model, the...Ch. 3 - In general, the simpler the model, the greater the...Ch. 3 - _____ is a discriminating classifier that is...Ch. 3 - Prob. 8MCQCh. 3 - Models associated with regression and...Ch. 3 - Prob. 10MCQ
Ch. 3 - What is the difference between a target and a...Ch. 3 - What is the difference between a supervised and an...Ch. 3 - Prob. 3DQCh. 3 - Prob. 4DQCh. 3 - Prob. 5DQCh. 3 - Prob. 6DQCh. 3 - How might classification be used in approving or...Ch. 3 - Prob. 8DQCh. 3 - How does fuzzy match work? Give an accounting...Ch. 3 - Compare and contrast the profiling data approach...Ch. 3 - Exhibits 3-1, 3-2, 3-3, and 3-4 suggest that...Ch. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - An auditor is trying to figure out if the goodwill...Ch. 3 - How might clustering be used to explain customers...Ch. 3 - Why would the use of data reduction be useful to...Ch. 3 - How could an investor use XBRL to do an analysis...Ch. 3 - Prob. 7P
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