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1. A legal firm wants to use text analytics for easier and faster access to information to help with compliance related issues. The legal firm needs a taxonomy of legal concepts.
What is a taxonomy?
A) A sentiment analysis model
B) The output of an expert survey
C) A list of business rules
D) A list of valid categories
2. A Scoring Model allows you to differentiate between
A) Accept, Reject, Maybe Later
B) Good, Bad
C) Good, Bad, Unknown
D) Good, Better, Best
3. A company wants to simulate decisions that requires large amounts of data. However, the organisation's live data is inaccessible. Your advice is to use a Monte Carlo data set.
The Monte Carlo method________________
A) enables the company to generate random data for most of its application needs
B) combines external data sets into a larger data set
C) makes the organisation's live data accessible
D) generates data that the company can use as input for adaptive decisioning
4. What is the most accurate description of proactive retention?
A) Enables business to respond to customers when they contact a call center
B) Simplifies the process of retaining customers
C) Anticipates potential customer churn
D) Enables the business to reduce the number of credit risk customers
5. The implementation of Next-Best-Action must involve
A) inclusion of third party predictive models
B) defining a prioritization formula using contact policies
C) defining business issue and group hierarchy
D) building a product catalog
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |
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