Questions from Cost Accounting


Q: Define target leakage.

Define target leakage.

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Q: Describe the decision tree technique of predictive modeling.

Describe the decision tree technique of predictive modeling.

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Q: What is Gini impurity?

What is Gini impurity?

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Q: Why does overfitting occur?

Why does overfitting occur?

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Q: What is pruning? Why is it helpful?

What is pruning? Why is it helpful?

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Q: How do data scientists use cross-validation and holdout samples?

How do data scientists use cross-validation and holdout samples?

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Q: What is the likelihood value? Why do prediction models attempt to

What is the likelihood value? Why do prediction models attempt to maximize it?

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Q: What is a one-time-only special order?

What is a one-time-only special order?

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Q: State the importance of cost information in decision making.

State the importance of cost information in decision making.

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Q: Global Pipes produces longitudinal submerged arc welded (LSAW) pipes for

Global Pipes produces longitudinal submerged arc welded (LSAW) pipes for the oil, gas, and petrochemical industries. Each job is unique. In April 2020, it completed all outstanding orders, and then, i...

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