What Is the Primary Drawback of the Data-Driven Approach

question 36

Multiple Choice

What is the primary drawback of the data-driven approach?

• A) It is more expensive and time intensive than the traditional approach.
• B) It requires tips and other indicators to become glaring before the approach can be used.
• C) It cannot highlight frauds while they are still small.
• D) The investigator loses control of the fraud investigation process.

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Definitions:

Dependent Variable

In a study or experiment, this is the element that is predicted to alter due to modifications in the independent variable.

Regression Sum Of Squares

The portion of the total variance in a dependent variable that is explained by the regression model, indicating the model's explanatory power.

Coefficient Of Multiple Determination

A statistical measure that represents the proportion of the variance in the dependent variable that is predictable from the independent variables.

Multiple-regression ANOVA

A statistical technique that combines aspects of multiple linear regression analysis and analysis of variance (ANOVA) to understand the relationship between several independent variables and a dependent variable.