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AIDA 182 UPDATED Actual Exam Questions and CORRECT Answers Risk quadrants are different from risk classifications. Risk quadrants focus on what? - CORRECT ANSWER- The source of the risk itself and what part of the organization has managed it in the past. An enterprise risk management approach is categorizing risks into quadrants. What are hazard risks? - CORRECT ANSWER- Normally managed by risk management professionals

AIDA 181 (Latest 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A importance of understanding traditional data analysis techniques - ANSWER remain important in providing information and solving business problems; form the foundation for the newer techniques

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AIDA 181 UPDATED Actual Exam Questions and CORRECT Answers big data - CORRECT ANSWER- sets of data that are to large to be gathered and alayszed by traditional methods 5 Vs of big data - CORRECT ANSWER- volume variety velocity veracity value volume - CORRECT ANSWER- far larger (consumes more storage space) than

AIDA 182 Questions with Correct Answers

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 ...

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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 ...

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