_________ is the risk of loss that arises due to breakdown in the internal procedures, people and systems or from external events
Operational Risk: Defined as per Basel committee as the risk of loss (direct loss) resulting from inadequate or failed internal processes, people and systems or from external events. The events under operational risk leading to losses could include: 1. Internal fraud, 2. External fraud, 3. Employment practices and workplace safety, 4. clients, products and business practices, 5. Damage to physical assets, 6. Business disruption and system failures, 7. Execution, delivery and process management
Which of the following best describes quantitative data in a business analysis context?
Which of the following statements about the mean, median, and mode is true when applied to a dataset with a skewed distribution?
What is a common method to handle missing data in a dataset?
A company has a large dataset with a mix of numeric and categorical data. To ensure fair comparisons between variables, which data transformation techni...
When conducting data validation to ensure data accuracy and completeness, which of the following methods would best verify that all entries in a dataset...
In time series forecasting, which of the following is true regarding the impact of autocorrelation on the model?
Which data modeling technique is used to represent the relationships between entities in a database?
A company wants to analyze customer reviews by categorizing them as “Positive,” “Neutral,” or “Negative.” What type of data are these catego...
In developing a fraud detection model for online transactions, a data analyst should use a technique capable of identifying anomalous patterns. Which of...
What differentiates big data from traditional data in terms of its defining characteristics?
