De Laurentis, Chapter 5: Validating Rating Models Practice Question set contains 6 pages covering the following learning objectives:
* Explain the process of model validation and describe best practices for the roles of internal organizational units in the validation process
* Compare qualitative and quantitative processes to validate internal ratings, and describe elements of each process.
* Describe challenges related to data quality and explain steps that can be taken to validate a model’s data quality.
* Explain how to validate the calibration and the discriminatory power of a rating model.
We have also included the forum links for each practice question.
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