Business & Finance essay
Address the following two questions. 1. Briefly discuss the advantages and shortcomings of SOUNDEX and Levenshtein Distances for the purpose of identifying the matches that are not 100% identical to each other but include the same information. 2. When using Levenshtein Distances, you need to select the maximum difference threshold for the Levenshtein distance that will identify two values as possible matches. As explained on the bottom of page 57 and page 58, the larger the difference threshold, the more false positive (sets that are identified as a 'match' but actually include different information) there will be. On the other hand, a smaller difference threshold will increase false negatives. 'False positive' is also called a type 1 error and 'false negative' is called a type 2 error. For the purpose of forensic auditing, which of these two types of errors do you consider 'more' important (in other words, which type of errors do you want to minimize more)? You cannot say 'both' because reducing one type of error will inevitably increase the other. Explain your choice for full credit. -research paper writing service