What Is the Function of a Data Scientist

question 42

Multiple Choice

What is the function of a data scientist?

• A) To collect large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools
• B) To process and manage algorithms across many machines in a computing environment
• C) To focus on forecasting future trends and produce insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization
• D) To extract knowledge from data by performing statistical analysis, data mining, and advanced analytics on big data to identify trends, market changes, and other relevant information

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Definitions:

Inflation Adjustments

Modifications made to financial statements or figures to account for the effects of inflation, ensuring values are represented in consistent purchasing power.

Liquidity Risk

The risk that an asset cannot be sold or converted into cash quickly enough to meet short-term financial obligations without a significant loss in value.

Bond

A fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental) which pays periodic interest payments and the return of the principal at maturity.

Risk Premiums

The extra return or premium demanded by investors for holding riskier assets, above the risk-free rate.