Free GARP RAI Exam Questions

In cost complexity pruning, a bank uses a parameter, α, to balance the residual sum of squares (RSS) and the number of terminal nodes. What is the primary role of this parameter?

A bank is developing its model risk governance framework to address ML/AI models. What foundational approach should the bank take?

A critical infrastructure provider in the U.S. wants to ensure responsible AI deployment to enhance service reliability. How should the provider proceed under guidance from the AI Safety and Security Board (AISSB)?

A data scientist is tuning the ridge regression model’s hyperparameter, λ, to control the trade-off between model fit and complexity. If λ is set too high, what effect is most likely?

During an NLS optimization, the analyst uses a gradient descent algorithm to update model parameters. If the improvement in the objective function falls below a certain threshold, the optimization process stops. What is the purpose of this threshold in NLS optimization?