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NEW QUESTION: 1
The process of making sure that the model measures what it is supposed to measure is called:
A. Hypothesis testing.
B. Confidence coefficient analysis.
C. Validation.
D. Statistical inference.
Answer: C
Explanation:
Validation is a step in the simulation procedure. Some assurance is needed that the results of the experiment will be realistic. This assurance requires validation of the model -- often using historical data. If the model gives results equivalent to what actually happened, the model is historically valid. There is still some risk, however, that changes could make the model invalid for the future.

NEW QUESTION: 2
Section A (1 Mark)
Which of the following are the advantages of a Credit Union:

A. All of the Above
B. II, IV and V
C. I, III and IV
D. I, III and V
Answer: A

NEW QUESTION: 3
Which business rules are used in the consolidation monitor?
(Choose three)
Response:
A. Eliminations and adjustments
B. Account-based calculations
C. US eliminations
D. Global definitions
E. Currency translation
Answer: A,D,E