Free GARP RAI Exam Questions

A trading firm uses reinforcement learning to determine the best time to buy or sell an asset. They have partial information about the state transitions and aim to maximize long-term profits by identifying the best action in each state. Which reinforcement learning approach is most suitable for this scenario?

Which term best describes a dataset that includes a mix of organized, structured financial data and unstructured text data from customer reviews?

A financial institution is developing a credit risk model using a machine learning algorithm. The data science team decides to split their dataset into three parts: training, validation, and test sets. What is the primary purpose of the validation set in this setup?

Which type of risk might an organization face if an AI algorithm breaches individual privacy or yields biased results?

Which type of risk might an organization face if an AI algorithm breaches individual privacy or yields biased results?