Answer to Question #297874 in Accounting for Jen

Question

Explains the difference between structured data and unstructured data in a paragraph. Give me an example of unstructured data in a paragraph?

what type of the analysis is if the analysis wants to know which customer purchased over $5000 last year but bought nothing this year.

A. Descriptive analytics.  B. Diagnostic analytics.

C. Predictive analytics.     D. Prescriptive analytics

Write a paragraph on why the answer is correct.

Which way is the best way to share the data analysis with other information users?

1. Write a long and persuasive article.  B. Use a huge data table.
2. Developing an appropriate dashboard.
3. write a statistical index based report

Write a paragraph on why the answer is correct.

Answer 1

Structured vs Unstructured data

Structured data comprises of clearly defined data types whose pattern makes them easily searchable while unstructured data comprises of data that is usually not as easily searchable, including formats like audio, video, and social media postings.

b) Diagnostic Analytics

Diagnostic analytics is a form of advanced analytics that examines data or content to answer the question, “Why did it happen?” It is characterized by techniques such as drill-down, data discovery, data mining and correlations. This is useful for the organization to know why the customer did not buy something that year.