You will be creating a flow chart using Lucidchart (be sure the chart can be identified as coming from Lucidchart), that shows the steps of how you would
collect and analyze data used in Predictive Analytics for an area of accounting that interests you. Remember you are looking for data that correlates to how
you plan to predict something (more detail is provided on the template).
Analysis Requirements:
Think of a “problem” that you want to solve using predictive analysis. For example, in tax you may want to predict the tax liability if the company decides to
expand internationally, in governmental accounting, you may want to predict the impact on your budget if more or less tax revenue is generated, etc.
Based on your readings and peer reviewed literature use the template provided to complete this assignment
Review the short video below on how to use Lucidchart, load in the software (remember to use your Keiser Student Email address when you sign up for the
free version of the software at https://www.lucidchart.com/pages/usecase/education
Be sure your flow chart corresponds to the your text that describes specifically how data is collected and analyzed for predictive analysis of your topic.