Written Report on Model (Testing)
Model Analysis and Testing
Model Analysis
- Ubiquitousness of Splits,
After walking through several transaction scenarios that involves splits, one has to appreciate the usefulness and necessity of a split structure for day-to-day transactions. Though the current application gives the impression that it's very incidental, actually in real life it might happen more frequent than we assume. Considering supermarket shopping experiences, a significant proportion, if not most, of our purchase activities belong to split transactions. It's very often we buy things which belong to different different categories: groceries, garments, office supplies (educational or small business for tax purpose), medicine for health (tax, flex-spending), etc. It's less often but still not uncommon that we get cash back from the same transaction, or we foot the bill with two or more payment methods (credit cards, bank cards, cash).