SOLUTION MANUAL for Data Analytics for Accounting, 3rd Edition by Vernon Richardson,Chapters 1 - 9

SOLUTION MANUAL Data Analytics for
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Accounting, 3rd Edition by Vernon
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Richardson, Chapters 1 - 9
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written by y




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SOLUTIONMANUAL y




Data Analytics for Accounting, 3rd Edition
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by Vernon Richardson, Chapters 1 - 9
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1

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Chapter y1: yData yAnalytics yfor yAccounting yand yIdentifying ythe yQuestions Chapter y2: yMastering ythe yData
y Chapter y3: yPerforming ythe yTest yPlan yand yAnalyzing ythe yResults y Chapter y4: yCommunicating yResults yand
y Visualizations
Chapter y5: yThe yModern yAccounting yEnvironment y Chapter y6: yAudit yData
y Analytics

Chapter y7: yManagerial yAnalytics

Chapter y 8: y Financial y Statement yAnalytics y Chapter y 9: y Tax y Analytics




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Solutions y Manual y – y Chapter y 1
Solutions y to y Multiple y Choice
y



y Questions

1. (LO y1-1) yBig yData yis yoften ydescribed y by ythe yfour yVs, y or

a. volume, y velocity, y veracity, y and y variability.
b. volume, y velocity, y veracity, y and y variety.
c. volume, y volatility, y veracity, y and y variability.
d. variability, yvelocity, y veracity, y and y variety.

Answer: y b

2. LO y1-4) yWhich ydata yapproach yattempts yto yassign yeach yunit y in ya y population yinto
ya ysmall y set ofclasses y (or ygroups) ywhere y the y unit y best y fits?

a. Regression
b. Similarity ymatching
c. Co-occurrence y grouping
d. Classification

Answer: y d

3. (LO y1-4) yWhich y data yapproach y attempts y to yidentify ysimilar y individuals y based
y on ydata y knownabout ythem?




a. Classification
b. Regression
c. Similarity ymatching
d. Data yreduction

Answer: y c

4. (LO y1-4) yWhich ydata yapproach yattempts yto ypredict yconnections ybetween ytwo
ydata yitems?




a. Profiling
b. Classification
c. Link yprediction
d. Regression




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