Predictive analytics uses statistical modeling to draw conclusions and predict behavior based on the assumption that:

a. What has happened in the past will continue to happen in the future.
b. What has happened in the past will not happen in the future.
c. What has happened in the past has no impact on what will happen in the future.
d. None of the above are assumptions used in predictive analytics.


A

Business

You might also like to view...

Divorcees, often called second-chancers, usually have lower household incomes and are between the ages of 40 and 59

Indicate whether the statement is true or false

Business

The liabilities of a company at the end of the year are $500,000 and the total stockholders' equity at the end of the year is $1,500,000 . The ratio of liabilities to stockholders' equity is

a. 0.50 to 1. b. 0.33 to 1. c. 0.67 to 1. d. 3 to 1.

Business

An auditor concluded that no excessive costs for an idle plant were charged to inventory. This conclusion most likely related to the auditor's objective to obtain evidence about the financial statement assertions regarding inventory, including presentation and disclosure, and:

A. existence. B. rights and obligations. C. valuation and allocation. D. completeness.

Business

Financial statements are often audited by management to increase confidence in the statements' reliability

Indicate whether the statement is true or false

Business