Free GARP RAI Exam Questions

In an effort to understand why certain loan applications were denied, a bank deploys LIME (local interpretable model-agnostic explanations). What is the primary advantage of using LIME?

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 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?

A generative AI provider in China is designing its service to align with Chinese regulations. What is a key obligation it must meet under the Generative AI Measures?

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