Predictive Analytics Is Essential for Construction and Manipulation of Models

question 53

True/False

Predictive analytics is essential for construction and manipulation of models because when a decision is implemented,the results usually occur in the future.

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Definitions:

Equity Method

This involves documenting investments when the investor holds substantial influence over the entity being invested in, without having total control.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the premium paid over the fair market value of the net identifiable assets.

Retrospectively Apply

The action of applying a new accounting policy to transactions, other events, and conditions as if that policy had always been applied.