What Uses Techniques That Extract Information from Data and Use

question 198

Multiple Choice

What uses techniques that extract information from data and use it to predict future trends and identify behavioral patterns?

• A) Business analytics.
• B) Descriptive analytics.
• C) Prescriptive analytics.
• D) Predictive analytics.

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Definitions:

Accounting Period

A span of time during which financial events are recorded and compiled into financial statements.

Variable Costs

Expenditures that fluctuate with the quantity of production or the volume of sales.

Specific Decision

A choice made in a particular situation, often necessitating the consideration of relevant information and specific circumstances.

Prime Cost

The sum of direct materials and direct labor costs associated with the production of goods.