A crosstab (two-way tables), also known as a contingency table is a table in a matrix format that successfully displays multivariate frequency distribution of variables. These tables are used to summarize the relationship between several categorical variables.
In essence, the report helps business users by providing them with an overview of the relation between two variables and further allows them to identify interactions between them. Users can quickly glance at and understand the information they need, promoting speed, and accuracy. When required at scale and minimal margin for error, these reports prove to be highly challenging and time consuming for financial institutions to generate.
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