4. (LO 8.2) Categorize each data analytics question below as one of the following question types. Answers may be used more than once.

a. What happened? What is happening?

b. Why did it happen? What are the causes of past results?

c. Will it happen in the future? What is the probability something will happen? Can we forecast what will happen?

d. What should we do, based on what we expect will happen? How do we optimize our performance based on potential constraints?

Data Analytics Question Question Type How much did we pay in federal taxes last year?
If all of our auditing clients want their auditing work done by 12/31, how will we organize our audit work in the new year?
Can the IRS use predictive techniques to find those individuals or corporations that are evading taxes?
Did the airline company’s on-time departures improve this past month?
Can our variance analysis help explain why our labor expenses increased over the past year?