ACFE Exam CFE-Investigation Topic 1 Question 97 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 97
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 Leota at Sep 17, 2024, 01:26 PM

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Anglea

2 months ago

I also believe the answer is B because predictive analytics is all about using data to predict future outcomes.

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Elbert

2 months ago

Option B is the way to go, no doubt. Although, I do wonder if the models ever get as accurate as a real-life fortune teller. Hmm, maybe we should start hiring psychics for our data analytics team.

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Eun

2 months ago

Yeah, the use of statistics and analyses can help capture important trends for better predictions.

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Maira

2 months ago

True, the historical data and machine learning components can really help in making accurate forecasts.

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Celestine

2 months ago

I don't think we need psychics on our data analytics team, the mathematical models can be pretty accurate.

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Antione

2 months ago

I agree, option B is definitely the best choice for predictive analytics.

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Felix

2 months ago

I'm going with Option B as well. Predictive analytics is the data-driven crystal ball we all need in business these days.

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Anna

2 months ago

Definitely Option B. Predictive analytics is not about automating tasks like Option A, nor is it about visual perception like Option C. It's all about forecasting the future based on past data.

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Pearline

2 months ago

I agree with Brice. Option B perfectly captures the essence of predictive analytics. The use of machine learning and statistical models to make predictions is the way to go.

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