Discuss ACFE CFE-Investigation Exam Topic 1 Question 80

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

Suggested Answer: B

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19 comments · newest first

Beckie 11 months ago

B makes the most sense; it captures trends and uses stats effectively.

Trevor 11 months ago

Really? I always thought predictive analytics was just a fancy term for guesswork.

Vashti 11 months ago

I thought it was more about AI and neural networks?

Sheron 12 months ago

Totally agree, B is definitely the right choice!

Catarina 12 months ago

Predictive analytics is all about using historical data for forecasts.

Blondell 12 months ago

I thought predictive analytics was more about automating tasks, but that sounds more like option A. Still, I think B fits better with what we learned about forecasting.

Annett 1 year ago

I feel like I’ve seen a question similar to this before, and it was about using data to make predictions. Option B sounds familiar, but I’m hesitant.

Isadora 1 year ago

I’m not entirely sure, but I remember something about machine learning being involved in predictive analytics. That makes me think option B might be right too.

Joaquin 1 year ago

I think predictive analytics is all about using historical data to forecast future trends, so I’m leaning towards option B.

Remedios 1 year ago

Predictive analytics is all about using data and algorithms to forecast future outcomes, so I think B is the clear winner here. The other options don't really capture the essence of predictive analytics.

Ma 1 year ago

Option B sounds like the most accurate description of predictive analytics. I'll go with that one unless I can come up with a compelling reason why another option might be better.

Haydee 1 year ago

Hmm, I'm a bit confused by the options. I'll need to think through the differences between predictive analytics, automation, AI, and neural networks to decide which one best fits.

Dacia 1 year ago

I'm pretty sure the answer is B - the use of historical data, analyses, statistics, and machine learning to build a predictive model.

Marti 1 year ago

The protocol mismatch between the virtual server (UDP) and the pool member (TCP) seems like the most likely culprit. I'll focus on that first.

Judy 1 year ago

The issue could be that the Custom Object creation is not wrapped in a Transaction. That's a common gotcha with Custom Objects.

Delisa 2 years ago

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

Casandra 2 years ago

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

Antione 2 years ago

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

Delisa 2 years ago

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

ACFE CFE-Investigation Exam - Topic 1 Question 80 Discussion