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Question
aggregate data is used by various business domains for:
○ business decision making.
○ auditing internal controls.
○ cleaning and shaping raw data.
○ descriptive, diagnostic, predictive, and prescriptive analytics.
Aggregate data is summarized data. It helps businesses make informed decisions by providing an overview of large - scale information. It can also be used for various analytics like descriptive (what has happened), diagnostic (why it happened), predictive (what will happen), and prescriptive (what to do). Auditing internal controls mainly focuses on compliance and accuracy of financial and operational processes, not the main use of aggregate data. Cleaning and shaping raw data is a pre - processing step before aggregation.
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Business decision making, Descriptive, diagnostic, predictive, and prescriptive analytics