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Questions and Answers
In which phase of the model development process do you map out your approach?
In which phase of the model development process do you map out your approach?
- Model Planning (correct)
- Model Building
- Operationalize
- Communicate Results
When is it recommended to conduct a peer review of your analytic plan?
When is it recommended to conduct a peer review of your analytic plan?
- After drafting the plan and sharing it for peer review (correct)
- Before mapping out your approach
- When you have a clear understanding of the problem, but haven’t scoped the data sources yet
- After operationalizing the model
What is the primary focus of Phase 4: Model Building?
What is the primary focus of Phase 4: Model Building?
- Communicating results to stakeholders
- Delivering final reports and technical documents
- Developing data sets for testing, training, and production (correct)
- Exploring data relationships
Which tool is well-suited for performing statistical tests and analytics on big data?
Which tool is well-suited for performing statistical tests and analytics on big data?
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Why is ELT (Extract, Load, Transform) encouraged for analyzing credit card fraud data?
Why is ELT (Extract, Load, Transform) encouraged for analyzing credit card fraud data?
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What is one characteristic of the Agile aspect of the MAD approach?
What is one characteristic of the Agile aspect of the MAD approach?
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In which phase do you determine the methods, techniques, and workflow for model scoring?
In which phase do you determine the methods, techniques, and workflow for model scoring?
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What is the primary focus of Phase 3: Communicate Results?
What is the primary focus of Phase 3: Communicate Results?
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What is the primary benefit of using ELT for analyzing credit card fraud data?
What is the primary benefit of using ELT for analyzing credit card fraud data?
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What is the primary goal of the Model Planning phase?
What is the primary goal of the Model Planning phase?
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