Friday, November 27, 2015

ad hoc analysis definition in finance


Ad hoc analysis is a business intelligence process designed to answer a single, specific business question. The product of ad hoc analysis is typically a statistical model, analytic report, or other type of data summary.
According to Merriam-Webster Dictionary, ad hoc means "for the particular case at hand without consideration of wider application." The purpose of an ad hoc analysis is to fill in gaps left by the business' static, regular reporting.  

Ad hoc analysis may be used to create a report that does not already exist, or drill deeper into a static report to get details about accounts, transactions, or records. The process may be also used to get more current data for the existing areas covered by a static report.

1 comment:

  1. Thank you sir.this question was asked in Honeywell & Oracle company.thanks fro this post.

    ReplyDelete

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