ACFE Exam CFE-Investigation Topic 1 Question 80 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 80
Topic #: 1

Which of the following BEST describes the data analytics approach known as predictive analytics?

AThe configuration of a business program to emulate and Integrate the actions of a human to execute certain business processes, thus increasing efficiency and automating repetitive manual tasks

BThe use of historical data, along with analyses, statistics, and machine learning components, to build a mathematical model that captures important trends and creates a quantitative forecast

CThe employment of computer systems to perform human-like tasks such as visual perception and decision-making

DThe use of layered artificial neural networks to accommodate more data and more sophisticated algorithms to identify complex patterns

Show Suggested Answer

Suggested Answer: B

by Barbra at Feb 12, 2024, 05:50 PM

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Delisa

9 months ago

That's true, but predictive analytics is more about forecasting future events rather than just pattern recognition.

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Casandra

9 months ago

I'm not sure, but D also sounds plausible since neural networks can identify complex patterns.

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Antione

10 months ago

I agree with Delisa, B seems like the best description of predictive analytics.

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Delisa

10 months ago

I think the answer is B, because predictive analytics is all about using data to forecast future trends.

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