Select one of the four data approaches:

Descriptive Analytics,

Diagnostic Analytics,

Predictive Analytics, or

Prescriptive Analytics.

Select a data approach within one of these and then provide an example of when this approach will be utilized. For example, when would artificial intelligence or machine learning be used in an accounting problem? Another example is where do you see descriptive statics (descriptive analytics)? And, when is profiling (diagnostic analytics) appropriate?