Prescriptive analytics rely on models based on past actions to suggest recommended actions for new, similar situations.
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Prescriptive analytics rely on models based on past actions to suggest recommended actions for new, similar situations. For example, auditors might review managers’ approval of new credit applications for inactive customers. If auditors know the variables and values that were common among past approvals and denials, they could compare the action recommended by the model with the response of the manager. How else might this prescriptive analytics help auditors assess risk or test audit issues?
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Auditors could offload routine actions to the analytical procedure so they c...View the full answer
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