What are the benefits of a written data analysis plan? What ...

[rlane42]

What are the benefits of a written data analysis plan?
 
  What will be an ideal response?

Question 2

One type of ledger account form has a two-balance-column arrangement.
 a. True
   b. False
   Indicate whether the statement is true or false

[ryansturges]

Answer to Question 1

A written data analysis plan (document) is commonly developed that outlines specific tasks and expected time requirements. Recording the plan has several benefits:
. it forces the analyst to explicitly consider constraints;
. it helps the analyst to remain on task, avoiding any unnecessary efforts that consume valuable time and resources;
. it provides a standard against which to monitor the progress of the data analysis; and
. it facilitates a detailed description of the analysis, which is a necessary component for communicating results at the completion of the engagement.

Answer to Question 2

True

[rlane42]

TYSM

[LVPMS]

Excellent