Which of the following best describes "predictive analytics"?
A)It is a method auditors use to predict when managers might have a weak internal control system
B)It is a technique that uses data stored in data warehouses to create systems that allow managers to use their data to make predictions about future outcomes
C)It is a method used to prevent managers from overriding internal controls
D)none of the above

Question

Quizplus · Accepted Answer

Predictive analytics involves analyzing historical data to make predictions about future events or outcomes. It uses various statistical, modeling, data mining, and machine learning techniques to analyze current and historical facts to make predictions about future or otherwise unknown events. Choice B accurately describes this process, emphasizing the use of data to forecast future outcomes.

Which of the Following Best Describes "Predictive Analytics