Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 3, Problem 6MCQ
In general, the simpler the model, the greater the chance of:
- a. Overfitting the data.
- b. Underfitting the data.
- c. Pruning the data.
- d. The need to reduce the amount of data considered.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Which of the following is not one of the main issues regarding data collection which can significantly affect precision and reliability when using regression or any other cost estimation method?
Multiple Choice
Time period choice.
Nonlinearity.
Relevant range.
Data accuracy.
Which of the following is not a cause of mistakes in model building?
Choices:
A.Sub-optimal choice of functions
B.Overconfidence, lack of checking and time constraints
C.Inability to use logical functions
D.Insufficient use of general best practices relating to flow, formatting and audit paths
E.All of the choices are causes of mistakes
The revenue risk can be significantly reduced if these revenue sources move in _____
Group of answer choices
the same direction
in opposite direction
a random direction
a controllable way
Chapter 3 Solutions
Data Analytics For Accounting
Ch. 3 - Prob. 1MCQCh. 3 - Prob. 2MCQCh. 3 - Prob. 3MCQCh. 3 - Prob. 4MCQCh. 3 - In general, the more complex the model, the...Ch. 3 - In general, the simpler the model, the greater the...Ch. 3 - _____ is a discriminating classifier that is...Ch. 3 - Prob. 8MCQCh. 3 - Models associated with regression and...Ch. 3 - Prob. 10MCQ
Ch. 3 - What is the difference between a target and a...Ch. 3 - What is the difference between a supervised and an...Ch. 3 - Prob. 3DQCh. 3 - Prob. 4DQCh. 3 - Prob. 5DQCh. 3 - Prob. 6DQCh. 3 - How might classification be used in approving or...Ch. 3 - Prob. 8DQCh. 3 - How does fuzzy match work? Give an accounting...Ch. 3 - Compare and contrast the profiling data approach...Ch. 3 - Exhibits 3-1, 3-2, 3-3, and 3-4 suggest that...Ch. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - An auditor is trying to figure out if the goodwill...Ch. 3 - How might clustering be used to explain customers...Ch. 3 - Why would the use of data reduction be useful to...Ch. 3 - How could an investor use XBRL to do an analysis...Ch. 3 - Prob. 7P
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- What are rounding error routines, and why are they used?arrow_forwardDuring the control function, the measurements taken of the performance must be accurate enough to see _______________________________. only positive results deviations and variances the primary focus only the negative resultsarrow_forwardAn advantage of the high-low method is that it a. is subjective. b. is objective. c. is the most accurate method. d. removes outliers e. is descriptive of nonlinear dataarrow_forward
- Which of the following is NOT true about simulation models? Option- a. Simulations can be used to analyze processes that cannot be evaluated well analytically. b. A simulation model is used to get estimates; an analytical model provides detailed analysis. c. Simulations can use actual probability rates for both demand and service rates. d. Analytical and simulation models are often used in combination.arrow_forwardWhich of the following is a disadvantage of distributed data processing? a. End-user involvement in systems operation is decreased. b. Disruptions due to mainframe failures are increased. c. The potential for hardware and software incompatibility across the organization isincreased. d. The time between project request and completion is increased. e. All of the above are disadvantages.arrow_forwardDiscuss how rushing the system’s requirements stage may delay or even result in the failure of a systems development process. Conversely, discuss how spending too long in this stage may result in analysis paralysis.arrow_forward
- Which is more desirable assuming data are COSTarrow_forwardWhat is the Tolerable Error Rate?arrow_forwardWhich of the following statements about Least Squares Regression is not true ? Least -squares regression is a mathematical technique to fit a cost -estimating equation to observed data . In least -squares regression , a statistical measure (R -squared ) can be used to determine how well the equation fits the data . Least -squares regression is considered superior to the high -low method because it uses more data points than just the high and low points None of the listed choices are the correct answer because all of the listed choices are true . Least -squares regression maximizes the vertical squared difference between the estimated and actual costs at each data point .arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College
Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
How to Estimate Project Costs: A Method for Cost Estimation; Author: Online PM Courses - Mike Clayton;https://www.youtube.com/watch?v=YQ2Wi3Jh3X0;License: Standard Youtube License