COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This step in analytics process where the mathematical analytics work is performed,
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Data Understanding
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Exploration
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Data Preparation
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Modeling
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Explanation:
Detailed explanation-1: -But it’s not just access to data that helps you make smarter decisions, it’s the way you analyze it. That’s why it’s important to understand the four levels of analytics: descriptive, diagnostic, predictive and prescriptive.
Detailed explanation-2: -Data Analysis is a process of collecting, transforming, cleaning, and modeling data with the goal of discovering the required information. The results so obtained are communicated, suggesting conclusions, and supporting decision-making.
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