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Chapter 3 Discussed 5 (Five)data Analytics Approaches or Techniques Are

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Essay

Chapter 3 discussed 5 (five)data analytics approaches or techniques are most common to address our accounting questions.List and define 3 of the 5 data analytics approaches.Next,describe how each of the 3 data analytics approaches you list could be used by credit card companies to identify fraudulent credit card activity.


Definitions:

Supercomputers

High-performance computing systems designed for complex computational tasks, often used in scientific and engineering calculations.

UNIX

An operating system originally conceived in 1969 by Ken Thompson and Dennis Ritchie of AT&T’s Bell Labs. In 1974, the UNIX code was rewritten in the standard programming language C. Today there are various commercial versions of UNIX.

BIOS

Basic Input/Output System, a firmware interface that initializes and tests hardware during the startup process, prior to the operating system loading.

Boot Process

The sequence of events that occurs within a computer system from power-on until the operating system is fully loaded and the user can interact with the system.

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