analytic techniques

Question 1

accountants need to be able to:

Answer 1

• articulate business problems
• communicate with data scientists
• draw appropriate conclusions
• present results in an accessible manner
• develop an analytics mindset

Question 2

classification

Answer 2

putting people into groups aka classes
- subjective ex: macy’s
“do they wear gator gear”

Question 3

regression

Answer 3

independent variable, dependent variable, slope, mx+b

Question 4

similarity matching

Answer 4

based on behavior, someone did behavior and will likely do it again

Question 5

clustering

Answer 5

groups called “clusters” pure math

Question 6

co-occurrence grouping

Answer 6

how often things appear together

Question 7

profiling

Answer 7

pure math
(normal distribution with standard deviation

Question 8

link prediction

Answer 8

suggested link on facebook

Question 9

data reduction

Answer 9

aka cleansing, take big data set chop it down to what you need