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Classify the four statements below as an example of either: A: Descriptive Analytics B: Diagnostic Analytics C: Predictive Analytics D: Prescriptive Analytics Statements The CFO
Classify the four statements below as an example of either:
A: Descriptive Analytics
B: Diagnostic Analytics
C: Predictive Analytics
D: Prescriptive Analytics
Statements
- The CFO informed you that determining revenue for the coming year required consideration of a large number of factors, thus it was not possible to perform a straightforward calculation that can be done manually. Consequently he developed a computer application that integrated all the multiple variables and generated an outcome based on the company's past product sales data and current variables.
- The financial controller used regression analysis when determining the provision for doubtful debts.
- For a data set, calculate the following values: mean, median, minimum and maximum.
- Identify transactions with similar characteristics and group in clusters. Identify anomalies and investigate
Note:To answer this question please write the number corresponding to the statement followed by the name of the category. For example,ifyou believe that the first statement is an example of descriptive analytics, write:
1: Descriptive Analytics
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