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

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