What Type of Analytics Would Investigate Performance Different Than Was

question 44

Multiple Choice

What type of analytics would investigate performance different than was expected, such anomalies/outliers?

• A) Descriptive analytics
• B) Diagnostic analytics
• C) Predictive analytics
• D) Prescriptive analytics

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Definitions:

Variable Manufacturing Cost Per Unit

The total variable costs involved in producing one unit of a product.

Expected Costs

Anticipated or forecasted costs for a project, activity, or production based on historical data, current conditions, and future projections.

Total Fixed Cost

The aggregate sum of all expenses within a company that remain constant regardless of the level of production or sales.

Fixed Cost Per Period

Costs that do not vary with the level of production or sales within a certain range and time frame, such as rent or salaries.