Accounting Data Analytics, Chapter 8: "Interpreting Data Analysis Results" definitions -

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6 Terms

1
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Data Analysis Interpretation

(8.1) The process of evaluating an analysis to understand and explain its meaning.

2
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Data Exploration

(8.1) The process of evaluating the data to determine whether additional analyses is required.

3
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Confirmation Bias

(8.3) A form of bias where an individual performs an analysis to prove a predetermined assumption.

4
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Selection Bias

(8.3) A form of bias where an individual subjectively selects data used in the analysis.

5
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Validity

(8.4) The instance when a data analysis measures what it is supposed to, and it represents reality.

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Reliability

(8.4) The instance when the measures used in a data analysis are accurate and consistent, and when the data used is dependable and trustworthy.