Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Match the prescriptive analytics term to its definition Prescriptive Analytics Term Make-or-buy analysis Scenario analysis Marginal analysis Prescriptive Analytics Definition Evaluating the outcomes based

image text in transcribed
2. Match the prescriptive analytics term to its definition Prescriptive Analytics Term Make-or-buy analysis Scenario analysis Marginal analysis Prescriptive Analytics Definition Evaluating the outcomes based on uncertainty regarding the inputs. A technique used to analyze and address the question whether to manufacture a product in house or to purchase it (or outsource it externally). Analysis of potential future events by considering potential outcomes A representation, or model of the financial outcomes resulting from a decision or future event. Technique used in management accounting (and in economics) to determine the change in profit associated typically with the cost or benefit of the next (or the marginal) unit. Sensitivity analysis Financial modeling

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance Services

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

6th edition

978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343

More Books

Students also viewed these Accounting questions

Question

=+b) Is this model appropriate for this series? Explain.

Answered: 1 week ago