Aida 181 exam - Study guides, Class notes & Summaries

AIDA 181 (New 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Graded A QUESTION Often, machine learning Select one: A. Reveals relationship and trends not found through traditional ratemaking analysis. B. Is not appropriate for smaller insurers, which do not have access to large amounts of data. C. Implements a flat rate increase for all of an insurer's homeowners policies. D. Is simply a ratio that measures loss ...

A project team at Goshen Mutual has been working on developing a new product for the personal insurance market. The team is using geodemographic data to determine which territories would be the best to introduce the product. Geodemographic data would be categorized as - CORRECT ANSWER-Structured external data An example of metadata is - CORRECT ANSWER-A statistical plan Big data includes - CORRECT ANSWER-Both structured and unstructured data Data science is especially useful for - CORRECT ANS...