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Which of the following is MOST likely to use artificial intelligence? A. Tax preparation B. Cost...

Which of the following is MOST likely to use artificial intelligence?

A. Tax preparation

B. Cost identification

C. New hire selection

D. Developing forecasting models

Business   Accounting   
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Answer #1

Answer. Correct option is 'D'. Artificial intelligence is most likely to be used in developing forecasting models.

Artificial intelligence helps in analytical formulations, combinations & decision making basis enormous amount of data sets and models. It is nearly impossible to track and monitor all the combinations or possibilities with manual system.

AI is more likely be useful in forecasting as it involves analysing multiple data values and forming possible combinations in more effective way as compared to manual calculation and systems and the same would also involve lesser chances of errors.

Other options may not find proper usage of artificial intelligence as the activities of tax preparation, cost identification or new hire selection can be resolved with usgae of simpler computer applications or manual efforts.

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