Application of data analytics Indicate which type of data analytics, 1 through 4, is described in each
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Application of data analytics Indicate which type of data analytics, 1 through 4, is described in each of the following statements describing a data analytics application, \(a\) through \(h\).
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Data Analytics Data Analytic Statement 1. Descriptive a. analytics 2. Diagnostic b. analytics 3. Predictive analytics C. 4. Prescriptive d. analytics e. f. h. Based upon the predicted supplies of inventory required for the next 12 months, the validation of a new supplier is recommended. A report summarizes average sales per customer per month for the past 5 years. Statistical analysis of purchases for a key supplier for the last 12 months is used to predict supplier purchases for the next 12 months. Determination of why a website had increased traffic was ascertained from the patterns discovered in external data sets. Data on equipment usage was statistically analyzed to predict the asset's useful life under three different scenarios. Inventory levels by product per day for the past week are summarized. A university summarized data on how often each room on campus was utilized during the day for a one-month period. Because of a university's predicted classroom usage based upon fore- casted enrollment rates and historical usage, an option to lease excess capacity was suggested.
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Cost Accounting Foundations And Evolutions
ISBN: 9781618533531
10th Edition
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