AIDA 181 Exam Guide with Correct Questions and Verified Answers

5 vs of big data - CORRECT ANSWER-volume variety velocity veracity value accuracy equation - CORRECT ANSWER-(TP + TN) / (TP + TN + FP + FN) tp = true positive tn = true negative fp = false positive fn false negative adverse development - CORRECT ANSWER-Increasing claims costs for which the reserves (based on ultimate loss estimates) are inadequate arrow - CORRECT ANSWER-a pathway in a classification tree Artificial intelligence - CORRECT ANSWER-compute processing/output that simulates reasoning or knowledge association rule learning - CORRECT ANSWER-Examining data to discover new and interesting relationships among attributes that can be stated as business rules assumptions of linear models - CORRECT ANSWER-Variance around the mean of the target variable is uniformly distributed ("Normality") Homoskedasticity In linear modeling, variance around the model errors around the estimated mean of the target variable is the same regardless of its [estimated mean] size attribute - CORRECT ANSWER-a variable that describes a characteristic of an instance within a model betweenness - CORRECT ANSWER-The measure of how many times a particular node is part of the shortest path between two other nodes in a network big data - CORRECT ANSWER-sets of data that are to large to be gathered and alayszed by traditional methods centrality measure - CORRECT ANSWER-In a social network context, the quantification of a node's relationship to other nodes in the same network class label - CORRECT ANSWER-value of the target variable in a model classification analysis - CORRECT ANSWER-suervised learning technique to segment data according to the values of known attributes to determine the value of a categorical target variable