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Solutionmanual J
Data Analytics For Accounting, 3rd Edition
J J J J J J
By Vernon Richardson, Chapters 1 - 9
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1
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Chapter 1: Data Analytics for Accounting and Identifying the Questions
J J J J J J J J J Chapter 2: Mastering the Data
J J J J
J Chapter 3: Performing the Test Plan and Analyzing the Results Chapter 4: Communicating Results and
J J J J J J J J J J J J J J
J Visualizations
Chapter 5: The Modern Accounting Environment Chapter 6: Audit Data Analytics
J J J J J J J J J J
Chapter 7: Managerial Analytics
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Chapter 8: Financial Statement Analytics Chapter 9: Tax Analytics
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2
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Solutions Manual – Chapter 1 J J J J
J Solutions to Multiple Choice Questions
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1. (LO 1-1) Big Data is often described by the four Vs, or
J J J J J J J J J J J
a. volume, velocity, veracity, and variability.
J J J J
b. volume, velocity, veracity, and variety.
J J J J
c. volume, volatility, veracity, and variability.
J J J J
d. variability, velocity, veracity, and variety.
J J J J
Answer: b J
2. LO 1-4) Which data approach attempts to assign each unit in a population into a
J J J J J J J J J J J J J J
small set ofclasses (or groups) where the unit best fits?
J J J J J J J J J
a. Regression
b. Similarity matching J
c. Co-occurrence grouping J
d. Classification
Answer: d J
3. (LO 1-4) Which data approach attempts to identify similar individuals based on
J J J J J J J J J J J
data knownabout them?
J J J
a. Classification
b. Regression
c. Similarity matching J
d. Data reduction J
Answer: c J
4. (LO 1-4) Which data approach attempts to predict connections between two data
J J J J J J J J J J J
items?
J
a. Profiling
b. Classification
c. Link prediction
J
d. Regression
3
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J J J J Want to earn $1.236
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J J J J J J J J J J
Solutionmanual J
Data Analytics For Accounting, 3rd Edition
J J J J J J
By Vernon Richardson, Chapters 1 - 9
J J J J J J J
1
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J J J
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J J J J J J J J J J
Chapter 1: Data Analytics for Accounting and Identifying the Questions
J J J J J J J J J Chapter 2: Mastering the Data
J J J J
J Chapter 3: Performing the Test Plan and Analyzing the Results Chapter 4: Communicating Results and
J J J J J J J J J J J J J J
J Visualizations
Chapter 5: The Modern Accounting Environment Chapter 6: Audit Data Analytics
J J J J J J J J J J
Chapter 7: Managerial Analytics
J J J
Chapter 8: Financial Statement Analytics Chapter 9: Tax Analytics
J J J J J J J J
2
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J J J J J J J J J J
Solutions Manual – Chapter 1 J J J J
J Solutions to Multiple Choice Questions
J J J J
1. (LO 1-1) Big Data is often described by the four Vs, or
J J J J J J J J J J J
a. volume, velocity, veracity, and variability.
J J J J
b. volume, velocity, veracity, and variety.
J J J J
c. volume, volatility, veracity, and variability.
J J J J
d. variability, velocity, veracity, and variety.
J J J J
Answer: b J
2. LO 1-4) Which data approach attempts to assign each unit in a population into a
J J J J J J J J J J J J J J
small set ofclasses (or groups) where the unit best fits?
J J J J J J J J J
a. Regression
b. Similarity matching J
c. Co-occurrence grouping J
d. Classification
Answer: d J
3. (LO 1-4) Which data approach attempts to identify similar individuals based on
J J J J J J J J J J J
data knownabout them?
J J J
a. Classification
b. Regression
c. Similarity matching J
d. Data reduction J
Answer: c J
4. (LO 1-4) Which data approach attempts to predict connections between two data
J J J J J J J J J J J
items?
J
a. Profiling
b. Classification
c. Link prediction
J
d. Regression
3
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