As Part of an Audit Data Analytics (ADA) Procedure, Some

question 60

Multiple Choice

As part of an audit data analytics (ADA) procedure, some steps that might be used for regression analysis are:

• A)Estimate the prediction equation using data that is not currently being audited (usually historical data)
• B)Validate the prediction equation from a statistics point of view
• C)Use the regression equation to make predictions for the data being currently audited
• D)All these answer choices are correct.

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