Research and explain the importance of each one of the following financial statistical analysis concepts.
Concept
What is it and why is it important in financial analysis?
Liquidity Ratios
Profitability Ratios
Horizontal Analysis of financial statements
Vertical Analysis of financial statements
Financial analysis software and tools
2. The Australian Bureau of Statistics Act of 1975 (the Act) created the Australian Statistics Advisory Council (ASAC) as the primary advisory body for the Minister and the Australian Bureau of Statistics (ABS) on statistical services. Research the ASAC’s mission and discuss how their most important duties relate to your role when interpreting and using financial statistics.
3.Research and explain the following sampling techniques:
a. Simple random sampling.
b. Systematic sampling.
c. Stratified sampling.
4. Data quality and accuracy are ensured through a procedure known as data validation. The purpose of data validations is to assure the logical consistency of input and stored data. Your task is to discuss in your own words what the Data Type Check Technique is. Provide an example of this data validation technique.
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