AI and ML for Finance Practitioners

1. Please, answer whether this statement is true or false.

“In collaboration with business stakeholders, data scientists decompose a business problem into subtasks. The solutions to the subtasks can then be composed to solve the overall problem. “

True

False

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Question 2 of 5

2. Please, answer whether this statement is true or false.

“A supervised learning method deals with a set of examples that do not include the target information. Thus, the learner would be given no information about the purpose of the learning but would be left to form its own conclusions about what the examples have in common.”

True

False

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Question 3 of 5

3. Which of these two statements refers to a “Supervised learning method”?

I) “An XXXXXXXXX learning method deals with a set of examples that do not include the target information. Thus, the learner would be given no information about the purpose of the learning but would be left to form its own conclusions about what the examples have in common.”

II) “In a XXXXXXXX learning methods, a teacher “supervises” the learner by carefully providing target information along with a set of examples.”

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Question 4 of 5

4. Describe with your own words the difference between “Data Mining” and “use of the results of Data Mining”. Please, use the content of the picture to elaborate your answer.

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Question 5 of 5

5. Which of these sequences correctly describes the key aspects of the data mining process?

Data preparation, Business understanding, Data understanding, Modeling, and Evaluation.

Modeling, Business understanding, Data understanding, Data preparation, and Evaluation.

Business understanding, Data understanding, Data preparation, Modeling, and Evaluation.

Question 5 of 5