Explain five analytical methods and a financial, accounting or economic application for each: Robotics (in accounting, see Integra Global solutions) -

Artificial intelligence (auditing, loan approvals, identify invoices or transactions that need a human review, real-time reports, classification of entries or customers, fraud detection) - Descriptive analytics, e.g. correlation (price changes, sales growth) - Diagnostic analytics (for compliance, customer behaviour, technology errors) - Predictive analytics (forecasting stock prices using time series)

From these five methods, investigate one in more detail.

How these methods have benefits and limitations and how they apply to David Jones