FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are the purposes of descriptive and predictive analytics? Provide examples of tax-related descriptive and predictive analytics and what data a tax accountant might need

What are the purposes of descriptive and predictive analytics? Provide examples of tax-related descriptive and predictive analytics and what data a tax accountant might need in order to perform these types of analyses. 

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Descriptive analytics involves analyzing historical data to understand past trends patterns and relationships Its purpose is to provide insights into ... 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

Data Analytics For Accounting

Data Analytics For Accounting

Authors: Vernon Richardson

3rd Edition

1264444907, 9781264444908

More Books

Students also viewed these Accounting questions

Question

★★★★★
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

Answered: 1 week ago

Question

★★★★★
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★
QUIZ... Let D be a poset and let f : D D be a monotone function. (i) Give the definition of the least pre-fixed point, fix (f), of f. Show that fix (f) is a fixed point of f. [5 marks] (ii) Show that...

Answered: 1 week ago

Question

★★★★★
Utilizing a change management framework implements a major organizational change or changes for a company with which you are familiar making them more competitive in the future. You are required to...

Answered: 1 week ago

Question

★★★★★
Office Use Only Name CC# Warranty information 30 days Thank you for your business Warranty information 30 days Thank you for your business Post all transactions to the general ledger accounts (the...

Answered: 1 week ago

Question

★★★★★
17. LO.4, 7 On June 1, 2011, Father sold land to Son for $300,000. Father reported the gain by the installment method, with the gain to be spread over five years. In May 2013, Son received an offer...

Answered: 1 week ago

Question

★★★★★
We throw a die until a six appears for the first time, at which point the experiment stops. Let Ai be the event that the outcome of the ith throw is a six. The event a six appears for the first time...

Answered: 1 week ago

Question

★★★★★
On July 1, 2014, Sugarland Company issued $2,000,000 face value of 10%, 10-year bonds at $1,770,602, a yield of 12%. Sugarland uses the effective-interest method to amortize bond premium or discount....

Answered: 1 week ago

Question

★★★★★
The employees of Xitrex, Inc., are paid each Friday. The companys fiscal year-end is June 30, which falls on a Wednesday for the current year. Salaries are earned evenly throughout the five-day work...

Answered: 1 week ago

Question

★★★★★
The determinant of a 3 3 matrix A is defined as follows. Evaluate the determinant using the method of diagonals. a12 a13 fA 3 | 21 zz |, then | 2 . a11 a13 a12 a21 a22 |1 2 (2 + 122331 + az12) ...

Answered: 1 week ago

Question

★★★★★
make sure you write clearly Question 1 State if the statement below is true, or false. If it is false, write the correct statement. 1.1 limx-+ af(x) = f(a). 1.2 limx-a(f(x) + g(x)) = limx-+af(x) -...

Answered: 1 week ago

Question

★★★★★
Scott is an executive director and Juanita is a fundraising manager at Werner Charities. They are trying to create a more effective letter to secure funding from past and prospective donors. Their...

Answered: 1 week ago

Question

★★★★★
Case Study: https://mitsloan.mit.edu/sites/default/files/2020-03/Nissan%20Motor%20Company%20Ltd.IC_.pdf Instructions: Understand and comprehend the case situation, then kindly help the organization...

Answered: 1 week ago

Question

★★★★★
GTech Eng. Ltd. has won a bid to provide a solution for the heavy equipment and automation system to transmit oil for a High-Price Oil Company which owns a pipeline network used to transmit oil from...

Answered: 1 week ago

Question

★★★★★
Find the angle theta between AB and BC using the dot product. B Z A 1050mm mm 750m 735mm -x Answer(s): PQ+P,Q,+P.Q. cose = PQ

Answered: 1 week ago

Question

★★★★★
A university is trying to determine what price to charge for tickets to football games. At a price of $20 per ticket, attendance averages 40,000 people per game. Every decrease of $5 adds 10,000...

Answered: 1 week ago

Question

★★★★★
Consider following function. What does this function do ? What is the value stored in finalResult [ ] array after the execution of this function ( 1 0 points )

Answered: 1 week ago

Question

★★★★★
-4 1 9. Let A = Find A-1, (A") and verify that (A")= (A-1)".

Answered: 1 week ago

Question

★★★★★
Which of the following are useful, established characteristics of using a relational database? Institute of Business Ethics Questions regarding Data Use and Privacy 1. Completeness 2. Reliable 3. No...

Answered: 1 week ago

Question

★★★★★
As mentioned in the chapter, which of the following is not a common way that data will need to be cleaned after extraction and validation? a. Remove headings and subtotals. b. Format negative...

Answered: 1 week ago

Question

★★★★★
Which testing approach would be useful in assessing the value of inventory shrinkage given multiple environmental factors? a. Probability b. Sentiment analysis c. Regression d. Applied statistics

Answered: 1 week ago

Question

★★★★★
=+1 Suppose that the time it takes a customer to get and pay for seats at the ticket window of a baseball park is a random variable with a mean of 100 seconds and a standard deviation of 50 seconds....

Answered: 1 week ago

Question

★★★★★
=+c) What assumption did you make about the two customers in finding the standard deviation?

Answered: 1 week ago

Question

★★★★★
Coupon usage study. A hot topic in marketing research is the exploration of a technology-based self-service (TBSS) encounter, in which various technologies (e.g., ATMs, online banking, self-scanning...

Answered: 1 week ago

Previous Question Next Question