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  • Exam Code: HPE7-A03
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  • Exam Code: HPE7-A03
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NEW QUESTION: 1
The auditor wishes to determine if the change in investment income during the current year was due to a) changes in investment strategy, b) changes in portfolio mix, or c) other factors. Which of the following analytical review procedures should the auditor use?
A. Simple linear regression that compares investment income changes over the past 5 years to determine the nature of the changes.
B. Multiple regression analysis that includes independent variables related to the nature of the investment portfolio and market conditions.
C. Trend analysis that compares the changes in investment income as a percentage of total assets and of investment assets over the past 5 years.
D. Ratio analysis that compares changes in the investment portfolio on a monthly basis.
Answer: B
Explanation:
Regression analysis develops an equation to explain the behavior of a dependent variable for example, investment income) in terms of one or more independent variables for example, market risk and the risks of particular investments). Multiple regression analysis is the best approach because it allows the auditor to regress the change in investment income on more than one independent variable.

NEW QUESTION: 2

A. Erstellen Sie einen Freigabeauftragsvertrag
B. Bearbeiten Bestellanforderungen
C. Konvertieren Sie einen Planauftrag in einer Bestellanforderung
D. Pflegen Sie ein Zitat aus einem Angebotsanfrage (RFQ)
Answer: B,C

NEW QUESTION: 3
You need to develop a rule that will determine the person's income in dollars. Your policy model does not have such an attribute yet.
How can you create this attribute?
A. Go to the Project Tab in the Policy Modeling, then select "inclusions" and then select "new" and enter the details in the new attribute window.
B. Go to the Data Tab in Policy Modeling, then select "define" and enter the details in the new attribute window.
C. Develop the rule and save the rule document. The attribute will be automatically added to the data model.
D. Select "define variable attribute" in the Policy Modeling Toolbar from your rule document.
Answer: B

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