ACCT 318 EXAM 2 Chapter 5 Questions and Answers | 2026 Update | 100% Correct.
ACCT 318 EXAM 2 Chapter 5 Questions and Answers | 2026 Update | 100% Correct. What are the four types of data analytics in accounting? -Descriptive, Diagnostic, Predictive, and Prescriptive Analytics. What question does Descriptive Analytics answer? -What happened? What is happening? What is the purpose of Descriptive Analytics? -To turn raw data into comprehensible information, provide a foundation for all other analytics, and enable fact-based discussion of current state. What techniques are used in Descriptive Analytics? -Summary statistics, ratios, visualizations, and percentage changes.
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acct 318 exam 2 chapter 5 questions and answers