In the Financial Services Industry,Big Data Can Be Used to Improve

question 65

Multiple Choice

In the financial services industry,Big Data can be used to improve

• A)regulatory oversight.
• B)decision making.
• C)customer service.
• D)both A & B.

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Definitions:

SSR

Sum of Squares due to Regression, a measure used in statistical modeling to quantify the variance explained by a regression model, indicating model fit.

SSE

Sum of Squared Errors, a measure used to indicate the discrepancy between the data and an estimation model.

SSR

Sum of Squared due to Regression, indicates the proportion of variance in the dependent variable that is predictable from the independent variable(s).

SSE

Sum of Squared Errors, a measure used in statistics to quantify the difference between observed and predicted values.