Homework Help is Here – Start Your Trial Now!
Business
Accounting
Application of data analytics Indicate which type of data analytics, 1 through 4, is described in each of the following statements describing a data analytics application, a through h. Data Analytics 1. Descriptive analytics 2. Diagnostic analytics 3. Predictive analytics 4. Prescriptive analytics Data Analytic Statement Based upon the predicted supplies of inventory required for the next 12 months, the validation of a new supplier is recommended. b. 1 A report summarizes average sales per customer per month for the past 5 years. C. + Statistical analysis of purchases for a key supplier for the last 12 months is used to predict supplier purchases for the next 12 months. Determination of why a website had increased traffic was ascertained from the patterns discovered in external data sets. е. 3 Data on equipment usage was statistically analyzed to predict the asset's useful life under three different scenarios. f. 1 + Inventory levels by product per day for the past week are summarized. g. 2 A university summarized data on how often each room on campus was utilized during the day for a one-month period. h. 4 + Because of a university's predicted classroom usage based upon forecasted enrollment rates and historical usage, an option to lease excess capacity was suggested. 4 - m N m - N +

Application of data analytics Indicate which type of data analytics, 1 through 4, is described in each of the following statements describing a data analytics application, a through h. Data Analytics 1. Descriptive analytics 2. Diagnostic analytics 3. Predictive analytics 4. Prescriptive analytics Data Analytic Statement Based upon the predicted supplies of inventory required for the next 12 months, the validation of a new supplier is recommended. b. 1 A report summarizes average sales per customer per month for the past 5 years. C. + Statistical analysis of purchases for a key supplier for the last 12 months is used to predict supplier purchases for the next 12 months. Determination of why a website had increased traffic was ascertained from the patterns discovered in external data sets. е. 3 Data on equipment usage was statistically analyzed to predict the asset's useful life under three different scenarios. f. 1 + Inventory levels by product per day for the past week are summarized. g. 2 A university summarized data on how often each room on campus was utilized during the day for a one-month period. h. 4 + Because of a university's predicted classroom usage based upon forecasted enrollment rates and historical usage, an option to lease excess capacity was suggested. 4 - m N m - N +

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 49E: Use the following information for Exercises 2-47 through 2-49. Jasper Company provided the following...
See similar textbooks
icon
Related questions
Question

I need help. Are these correct? Thanks.

Application of data analytics Indicate which type of data analytics, 1 through 4, is described in each of the following statements describing a data analytics application, a through h. Data Analytics 1. Descriptive analytics 2. Diagnostic analytics 3. Predictive analytics 4. Prescriptive analytics Data Analytic Statement а. 4 Based upon the predicted supplies of inventory required for the next 12 months, the validation of a new supplier is recommended. b. 1 A report summarizes average sales per customer per month for the past 5 years. С. 3 Statistical analysis of purchases for a key supplier for the last 12 months is used to predict supplier purchases for the next 12 months. d. 2 Determination of why a website had increased traffic was ascertained from the patterns discovered in external data sets. Data on equipment usage was statistically analyzed to predict the asset's useful life under three different scenarios. * Inventory levels by product per day for the past week are summarized. e. 3 f. 1 g. 2 A university summarized data on how often each room on campus was utilized during the day for a one-month period. h. 4 Because of a university's predicted classroom usage based upon forecasted enrollment rates and historical usage, an option to lease excess capacity was suggested.
Transcribed Image Text:Application of data analytics Indicate which type of data analytics, 1 through 4, is described in each of the following statements describing a data analytics application, a through h. Data Analytics 1. Descriptive analytics 2. Diagnostic analytics 3. Predictive analytics 4. Prescriptive analytics Data Analytic Statement а. 4 Based upon the predicted supplies of inventory required for the next 12 months, the validation of a new supplier is recommended. b. 1 A report summarizes average sales per customer per month for the past 5 years. С. 3 Statistical analysis of purchases for a key supplier for the last 12 months is used to predict supplier purchases for the next 12 months. d. 2 Determination of why a website had increased traffic was ascertained from the patterns discovered in external data sets. Data on equipment usage was statistically analyzed to predict the asset's useful life under three different scenarios. * Inventory levels by product per day for the past week are summarized. e. 3 f. 1 g. 2 A university summarized data on how often each room on campus was utilized during the day for a one-month period. h. 4 Because of a university's predicted classroom usage based upon forecasted enrollment rates and historical usage, an option to lease excess capacity was suggested.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Managing Debt
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Essentials of Business Analytics (MindTap Course …
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Reporting, Financial Statement Analysis…
Financial Reporting, Financial Statement Analysis…
Finance
ISBN:
9781285190907
Author:
James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS