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AIDA 181 Big Data Analytics for Risk and Insurance Exam Prep| Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) QUESTION metadata Answer: data about the data that provides context for analyzing transaction facts with efficient structures for grouping hierarchical information QUESTION what type of data helps prevent data quality issues? Answer: metadata QUESTION what are some data mining techniques Answer: classification ...

AIDA 182 Risk and Insurance Analysis Techniques Exam Prep| Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) QUESTION coefficient of variation Answer: measures variation from a mean by dividing the standard deviation of a distribution by its mean; used to compare results from two different sets of data to learn which one has more variation QUESTION normal distribution Answer: a probability distribution that helps forecast volatility around a ...

AIDA 181 Questions with Correct Answer

AIDA 182 Questions with Correct Answers

AIDA 182 Questions with Complete Solutions

AIDA 181 (New 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Graded A QUESTION Often, machine learning Select one: A. Reveals relationship and trends not found through traditional ratemaking analysis. B. Is not appropriate for smaller insurers, which do not have access to large amounts of data. C. Implements a flat rate increase for all of an insurer's homeowners policies. D. Is simply a ratio that measures loss ...

AIDA 182 (New 2023/ 2024 Update) Risk and Insurance Analysis Techniques Exam | Questions and Verified Answers| 100% Correct| Graded A QUESTION What is the progress of a key performance indicator? Answer: A measure of the progress an organization has made toward attaining its goals within a specific amount of time. QUESTION What answers the question, what shows we are a success and working towards goals, financial or nonfinancial? Answer: A key performance indi...

AIDA 182 Questions With Correct Answer

AIDA 181 Questions with Correct Answer1.

AIDA 182 Questions with Complete Solutions.