Question: (LO 5-2, LO 5-3, LO 5-4, LO 5-5, LO 5-6) Select the analytics type (descriptive, diagnostic, predictive, or prescriptive) that best describes the analytics tools/techniques

(LO 5-2, LO 5-3, LO 5-4, LO 5-5, LO 5-6) Select the analytics type (descriptive, diagnostic, predictive, or prescriptive) that best describes the analytics tools/techniques used.

Analytics Tools/Techniques Used Ratio analysis Bank reconciliation Scenario analysis Pivot table analysis

Analytics Tools/Techniques Used Ratio analysis Bank reconciliation Scenario analysis Pivot table analysis to find most profitable product or customer Classifying firms into those expected to have misstated their financial statement vs. not misstated their financial statements Fuzzy matching of vendors and employees to see if there are similarities in names or addresses Optimization of product mix to maximize profits Variance analysis-why are prices or quantity used greater than budgeted

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