Insight is gained from diagnostic tax analytics by developing a trend analysis for sales and use tax paid.
Data analytics called diagnostic analytics helps you understand why something happened in the past by building on descriptive analytics. Root cause analysis is a common name for diagnostic analysis. It involves techniques like drill through and drills down as well as data mining.
In diagnostic analytics, data mining, drill-down, correlations, and data discovery are often utilized techniques. During the discovery phase, analysts look for the data sources that will help them analyze the results. Drilling down is the process of concentrating on a specific feature of the data or widget.
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