Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Match each specific Data Analytics test to a specific test approach, as part of performing a test plan: Specific Data Analytics Test 1. Predict which

image text in transcribed

Match each specific Data Analytics test to a specific test approach, as part of performing a test plan: Specific Data Analytics Test 1. Predict which firms will go bankrupt and which firms will not go bankrupt. 2. Use stratified sampling to focus audit effort on transactions with greatest risk. 3. Work to understand normal behavior, to then be able to identify abnormal behavior (such as fraud). 4. Look for relationships between related parties that are not otherwise disclosed. 5. Predict which new customers resemble the company's best customers. 6. Predict the relationship between an investment in advertising expenditures and subsequent operating income. 7. Segment all of the company's customers into groups that will allow further specific analysis. 8. The customers who buy product X will be most likely to be also interested in product Y. Test Approach Match each specific Data Analytics test to a specific test approach, as part of performing a test plan: Specific Data Analytics Test 1. Predict which firms will go bankrupt and which firms will not go bankrupt. 2. Use stratified sampling to focus audit effort on transactions with greatest risk. 3. Work to understand normal behavior, to then be able to identify abnormal behavior (such as fraud). 4. Look for relationships between related parties that are not otherwise disclosed. 5. Predict which new customers resemble the company's best customers. 6. Predict the relationship between an investment in advertising expenditures and subsequent operating income. 7. Segment all of the company's customers into groups that will allow further specific analysis. 8. The customers who buy product X will be most likely to be also interested in product Y. Test Approach

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

The Handbook Of Financial Instruments

Authors: Frank J. Fabozzi

1st Edition

0471220922, 978-0471220923

More Books

Students also viewed these Finance questions

Question

Identify four applications of HRM to healthcare organizations.

Answered: 1 week ago