DATA ANALYTICS

For each of the questions below, categorize them as one of the following question types:

A. what happened? What is happening?

B. Why did it happen? What are the root causes of past results?

C. Will it happen in the future? What is the probability something will happen? Is it forecastable?

D. What should we do based on what we expect

1. How much did we pay in federal taxes last year?

2. If we have all 12/31 year-end audit clients, how will we organize our audit work in the new year?

3. Can the IRS find those individuals or corporations evading taxes using predictive techniques

4. Did the airline company's on-time departures improve this past month

5. Can our variance analysis help explain why the labor expenses increased of the past year