model-validation

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...

Learning objectives: Describe model risk and explain how model risk can arise in the implementation of a model. Describe elements of an effective process to manage model risk. Explain best practices for the development and implementation of a model. Describe elements of a strong model validation...