What Is an Ad Hoc Financial Analysis?

What Is an Ad Hoc Financial Analysis?

Ad hoc analysis is the business term used for describing a product that is specifically manufactured or produced one time to fulfill a specific business requirement. It can include statistical analysis, analytical reports, statistical models or other summaries of data and reports.

The main purpose of these kinds of analysis is to fill in all sorts of gaps that might be left behind by the regular reporting of business. It can either be used to create a report that doesn't already exist or to dig deeper into the static ones to get more details regarding transactions, records or accounts.