accounting and business intelligence

Question 1

data mining

Answer 1

uses mathematical algorithms to find patterns, trends and relationships among data

Question 2

predictive modeling

Answer 2

uses mathematical algorithms to predict future trends

Question 3

routine operational decisions

Answer 3

are recurring and typically relate to ongoing business operations

Question 4

tactical decisions

Answer 4

short term, out sourcing and special orders

Question 5

strategic decisions

Answer 5

are usually long term in nature and unstructured with a high degree of ambiguity

Question 6

integrated decision model

Answer 6

provides a framework to structure and organize the decision-making process. Include both qualitative and quantitative factors

Question 7

seven steps of idm

Answer 7

1. define the opportunity
2. identify options to address the issue
3. analyze quantitative factors
4. analyze qualitative factors
5. make recommendation
6. implement decision
7. evaluate

Question 8

shadow data

Answer 8

is used when data is stored in spreadsheets and other tools that shadow the formal accounting system

Question 9

business intelligence

Answer 9

include analytics, data mining and predictive modeling

Question 10

open database connectivity

Answer 10

translate data analysis query commands into commands that are compatible with RDBMS commands to extract data from an operational database

Question 11

spreadsheet identifier

Answer 11

each spreadsheet is assigned to a unique identitifer