Question: REWRTE: Great example on how accounting professionals use data to anticipate market trends to identify opportunities for increasing business profits. The are four main types

REWRTE: Great example on how accounting professionals use data to anticipate market trends to identify opportunities for increasing business profits. The are four main types of accounting data analytics are descriptive analytics, diagnostic analytics, predictive analytics, and prescriptive analytics. Each approach reveals a different facet of a company's financial activity. Descriptive Analytics: Answers the question of "What's Happening?" by categorizing and classifying information. Diagnostic Analytics: Monitors changes in data to understand "Why" things happen. Predictive Analytics: Assesses the likelihood of future outcomes. Prescriptive Analytics: Helps businesses determine "What should happen?" and provides guidance to achieve those goals

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