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For each of the following situations, indicate whether theanalysis is an example of a descriptive analytic, diagnosticanalytic, predictive analytic, or prescriptive analytic. An accounting firm

For each of the following situations, indicate whether theanalysis is an example of a descriptive analytic, diagnosticanalytic, predictive analytic, or prescriptive analytic.

  1. An accounting firm is trying to understand if its externalaudit fees are appropriate. They compute a regression using publicdata from all companies in their industry to understand the factorsassociated with higher audit.
  2. A self-driving car company uses artificial intelligence to helpclean its historic social media data so they can analyzetrends.
  3. An airline downloads weather data for the past 10 years to helpbuild a model that will estimate future fuel usage forflights.
  4. A shipyard company runs a computer simulation of how a tsunamiwould damage its shipyards, computing damages in terms ofdestruction and lost production time.
  5. An online retail company tracks past customer purchases. Basedon the amount customers previously spent, the program automaticallycomputes purchase discounts for current customer purchases to buildloyalty.
  6. An all-you-can-eat restaurant uses automated conveyer belts tobring cold food to the chefs for preparation. The conveyer beltsbring the food to the chefs based on algorithms that monitor thenumber of people entering and leaving the restaurant.
  7. A large manufacturer of farm equipment continuously analyzesdata sent from engine sensors to understand how load, temperature,and other factors influence engine failure.
  8. A small tax services business provides its financial statementsto a bank to get a loan so it can buy a new building to grow itsbusiness.

Please help. I am super confused and do not get any points forone wrong answer. Thank you!

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