BAR: FS Analysis: Data Analysis

Question 1

Predictive modeling

Answer 1

Comparing expectations to actual data to identify deviations

Question 2

Regression analysis

Answer 2

Using statistical analysis to examine the relationship between variables

Question 3

Times-series regression analysis

Answer 3

Regression analysis using data from multiple past periods to predict future periods

Question 4

Cross-sectional regression analysis

Answer 4

Regression analysis using data from one period of time to make predictions

Question 5

Variance Analysis

Answer 5

Identifying and investigating differences between actual and budgeted/estimated amounts

Question 6

Sorting

Answer 6

Categorizing data in ascending/descending order to identify outliers

Question 7

Cluster Analysis

Answer 7

Grouping data by similarities to show structure/relationships

Question 8

Matching

Answer 8

Comparing data from various sources to identify unexpected differences

Question 9

Process mining

Answer 9

Identifying specific activities to create a process model for optimizing processes

Question 10

Comparative analysis

Answer 10

Comparing relationships between variables over two or more periods

Question 11

Trend analysis

Answer 11

Analyzing changes in data over time to look for trends

Question 12

Ratio analysis

Answer 12

Calculating ratios to discover relationships among financial and nonfinancial data