Question: What is descriptive analytics? What are the various tools that are employed in descriptive analytics?

What is descriptive analytics? What are the various tools that are employed in descriptive analytics?

Step by Step Solution

★★★★★

3.45 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The descriptive analytics refers to knowing what ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1332-B-F-A-A-S(7).docx

120 KBs Word File

Students Have Also Explored These Related Financial Accounting Questions!

Q:

How is descriptive analytics different from traditional reporting?

Q:

What information is provided by the descriptive analytics employed at Magpie Sensing?

Q:

Compare and contrast predictive analytics with prescriptive and descriptive analytics. Use examples.

Q:

Prescriptive analytics tools 2 N Descriptive analytics tools 3 Predictive analytics tools Active analytics tools Match each of the options above to the items below. ExxonMobil uses Excel...

Q:

Prescriptive analytics tools 2 Descriptive analytics tools 3 Predictive analytics tools Active analytics tools Match each of the options above to the terms below. ExxonMobil uses Excel spreadsheets....

Q:

BUSI 650: BUSINESS ANALYTICS IDEA The idea of this project is familiarized MBA candidates with the Canadian industry and area of expertise. The project allows the opportunity to address problems or...

Q:

Business Analytics IDEA The idea of this project is to familiarize MBA candidates with the industry and area of expertise. The project allows the opportunity to address problems or opportunities in...

Q:

The idea of this project is familiarized MBA candidates with the industry and area of expertise. The project allows the opportunity to address problems or opportunities in various facets of industry...

Q:

Idea The idea of this project is to familiarize MBA candidates with the industry and area of expertise. The project allows the opportunity to address problems or opportunities in various facets of...

Q:

Project Business Analytics iNDUSTRY/COMPANY OF PROJECT TO STUDY: COCA-COLA Idea The idea of this project is to familiarize MBA candidates with the industry and area of expertise. The project allows...

Q:

a. Why could a quantity, efficiency, or price variance be favorable in the short-term but ultimately undesirable in the long-term? b. Provide one specific, real-world scenario involving a short-term...

Q:

A company reports the following amounts at the end of the year: Total sales revenue = $400,000; Cash = $35,000; Sales discounts = $10,000; Accounts receivable = $20,000; Allowance for uncollectible...

Q:

4 Multiple Choice 1 point 5 6 Financing risky projects with additional debt. 7 Abolishing the Security and Excharge Commission. Compensating managers with stock options. The threat of hostile...

Q:

In 2006, it was said that senior citizens were spending twice as much on prescription drugs as they did eight years earlier. Does this mean that big, greedy drug companies were charging twice as much...

Q:

Define BI.

Q:

List and describe the major components of BI.

Q:

What are the major similarities and differences of DSS and BI?

Q:

Sales 45,788,000.00 Variable Costs -22,877,000.00 Revenue Before Fixed Costs 22,911,000.00 Fixed Costs -9,205,000.00 EBIT 13,706,000.00 Interest Expense -1,398,000.00 Earning before Taxes...

Q:

Exercise 1. For the cereal dataset, identify one variable that is approximately normally distributed. Construct a histogram for at least two variables and describe the shape of the distribution....

Q:

Net Present Value Carsen Sorensen, controller of Thayn Company, just received the following data associated with production of a new product: - Expected annual revenues: $750,000 - Projected product...