AIDA 181 – Big Data Analytics for Risk and Insurance Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023\/ 2024 Update)<\/p>\n\n\n\n
AIDA 181 – Big Data Analytics for Risk and
Insurance Exam Prep| Questions and
Verified Answers| 100% Correct (Latest
2023\/ 2024 Update)
Q: machine learning
Answer:
AI in which computers continually teach themselves to make better decisions on previous results
and new data
Q: Artificial intelligence
Answer:
compute processing\/output that simulates reasoning or knowledge
Q: why do tech companies use AI
Answer:
Tech companies use this to “Solve problems or to introduce new products”
Q: data science
Answer:
An interdisciplinary field involving the design and use of techniques to process very large
amounts of data from a variety of sources and to provide knowledge based on the data<\/p>\n\n\n\n
Q: structured data
example
Answer:
data organized into databases with defined fields, including links between databases
Microsoft Access
Q: unstructured data
Answer:
Data that is not organized into predetermined formats. Such as databases, and often consists of
texts, images, or other nontraditional media
Q: internal data
examples
Answer:
data that is owned by an organization
premium records, adjuster photos
Q: external data
Answer:
Data that belongs to an entity other than the organization that wishes to acquire and use it
Q: describe economic data in terms of external data
Answer:<\/p>\n\n\n\n
Data regarding interest rates, asset prices, exchange rates, the Consumer Price Index, and other
information about the global, the national or a regional economy
Q: geodemographic data
Answer:
data regarding classifications of a population
Q: what is the motto for data quality
Answer:
garbage in – garbage out
Q: list some examples of typical data quality problems
Answer:
missing data \/ NULL values
duplicate records
default values rather then actual values
Q: ways to detect data quality problems
Answer:
descriptive statistics
data cubes
Q: descriptive statistics<\/p>\n\n\n\n
Answer: AIDA 181 – Big Data Analytics for Risk and Insurance Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023\/ 2024 Update) AIDA 181 – Big Data Analytics for Risk andInsurance Exam Prep| Questions andVerified Answers| 100% Correct (Latest2023\/ 2024 Update)Q: machine learningAnswer:AI in which computers continually teach themselves to make better decisions on previous […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-130378","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=130378"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130378\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=130378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=130378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=130378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Qualitative summaries of the characteristics of a data set, such as the total or average
Q: data cubes
Answer:
A multidimensional partitioning of data into two or more categories
Q: metadata
Answer:
data about the data that provides context for analyzing transaction facts with efficient structures
for grouping hierarchical information
Q: what type of data helps prevent data quality issues?
Answer:
metadata
Q: what are some data mining techniques
Answer:
classification
regression analysis
association rule learning
cluster analysis
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