Sensitivity Analysis What-lf Analysis What- Goal Seeking Analysis Optimization Analysis Checks the impact of a change in a variable or assumption on the model The study of the impact on other variables when one variable is changed repeatedly Finds the inputs.
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What is the main purpose of graphical presentation of data?The aim of presenting scientific data graphically is to utilise the power of visual display to communicate information efficiently while avoiding deception or confusion. This is important both in how we communicate our findings to others and to our understanding and analysis of the data. What is graphical representation of statistical data?Meaning of Graphic Representation of Data: Graphic representation is another way of analysing numerical data. A graph is a sort of chart through which statistical data are represented in the form of lines or curves drawn across the coordinated points plotted on its surface. Is the graphical representation of information and data?Data visualization is the graphical representation of information and data. By using visual elements like charts graphs and maps data visualization tools provide an accessible way to see and understand trends outliers and patterns in data. What are graphical displays?Graphical displays are pictorial representations of statistical data that may be produced in a variety of ways (bar graphs charts etc) in a variety of modes (paper computer screen and other electronic displays as in aircraft.) . What graphical displays would you choose to understand the data?Today researchers use many graphical means such as histograms box plots and scatterplots to better understand their data. … Histograms normal Q-Q plots detrended Q-Q plots and box plots are common graphs that are used to assess normality of data and identify outliers (i.e. extreme values) in the data. What graphical display of data is more appropriate?Once the type of data categorical or quantitative is identified we can consider graphical representations of the data which would be helpful for Maria to understand. Frequency tables pie charts and bar charts are the most appropriate graphical displays for categorical variables. What type of information is used in managerial accounting?Managerial accounting is the type of accounting that provides financial information to managers and decision-makers within a company. Managerial accounting often involves various financial metrics including revenue sales operating expenses and cost controls. What is the relationship between management accounting and financial accounting?Management accounting focuses on the stewardship or implementation aspects of management actions while financial accounting focuses on the investment uses of information. Management accounting is thus simultaneously a profession that supports financial reporting while attempting to develop beyond this narrow scope. Who is managerial accounting information generally prepared for?Managerial accounting information is generally prepared for Managers. What are the 3 major sources of data for MIS?
MIS: Sources and Types of Information
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Internal data is data retrieved from inside the company to make decisions for successful operations. There are four different areas a company can gather internal data from: sales finance marketing and human resources. Internal sales data is collected to determine revenue profit and the bottom line. What are the two source of strategic information?Published sources of strategic information include periodicals journals reports government documents abstracts books directories newspapers and manuals. A company website is usually an excellent place to start to find information about a firm particularly on the Investor Relations web pages. How do information systems serve the various levels of management in a business?
MIS primarily serve the functions of planning controlling and decision making at the management level. Generally they depend on underlying transaction processing systems for their data. MIS summarize and report on the company’s basic operations. What is financial information system and its function?A financial information system is an organized approach to collecting and interpreting information which is usually computerized. A well-run financial information system is essential to a business since managers need the resulting information to make decisions about how to run the organization. What is the role and function of the information systems in a business?An information system collects stores and disseminates information from an organization’s environment and internal operations to support organizational functions and decision making communication coordination control analysis and visualization. What is a collection of large complex data sets?Big data is a collection of large complex data sets including structured and unstructured data that cannot be analyzed using traditional database methods and tools. … The four common characteristics of big data are variety veracity volume velocity. Which of the following is offered by a digital dashboard quizlet?-Digital dashboards offer consolidation drill-down and slice-and-dice capabilities. Which of the following common digital dashboard capabilities is Jerry using to analyze his departments success?Today Jerry is analyzing his data by looking at details and details of details of information. Which of the following common digital dashboard capabilities is Jerry using to analyze his department’s success? DRILL-DOWN enables users to view details and details of details of information. Data Modeling – Complex RelationshipsBivariate relationship linearity strength and direction | AP Statistics | Khan AcademyThe beauty of data visualization – David McCandlessHow to Identify Patterns and Trends in Data |
What produces graphical displays of patterns and complex relationships in large amounts of data?
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