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DATA Analytics FOR Accounting Vernon Comprehensive EXAM Questions and Answers Verified Solutions Latest Update

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DATA Analytics FOR Accounting Vernon Comprehensive EXAM Questions and Answers Verified Solutions Latest Update

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DATA Analytics FOR Accounting Vernon
TEST Questions and Answers
Verified Solutions Latest Update


Question:

Descriptive Analytics.

Answer:
Analyzes past data to answer 'What happened?'


Question:

Diagnostic Analytics.

Answer:
Explores reasons behind past events, answering 'Why?'


Question:

Predictive Analytics.

Answer:
Forecasts future events, answering 'Will it happen?'


Question:

Prescriptive Analytics.

Answer:
Recommends actions based on expected outcomes.


Question:

Data Analysis Questions.

Answer:
What happened? Why? Will it happen? What to do?

, Question:

Counts in Analytics.

Answer:
Frequency measures showing occurrence of events.


Question:

Minimums and Maximums.

Answer:
Extreme values summarizing data characteristics.


Question:

Standard Deviation.

Answer:
Measures data variability around the mean.


Question:

Totals and Averages.

Answer:
Summarizes performance metrics for analysis.


Question:

Graphs in Analytics.

Answer:
Visual representations like bar charts and histograms.


Question:

Ratio Analytics.

Answer:
Financial ratios comparing performance metrics.

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