Free GARP RAI Exam Questions

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

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?

What is a primary reason to remove duplicate observations during data cleaning?

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

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?