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C2020-002 V13 Latest Exam (Sep 2017)

[Free] 2017(Sep) EnsurePass Examcollection IBM C2020-002 V13 Dumps with VCE and PDF 21-30

October 12, 2017

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2017 Sep IBM Official New Released C2020-002 V13
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IBM Algo Financial Modeler Developer Fundamentals

Question No: 21

What is an example of a generator error?

  1. A layer is processed record by record and accepts new business.

  2. Variable X cannot be passed to 鈥淟ayer Y鈥?because it requires output from it.

  3. One record is processed of which one was in-force at the start of the layer.

  4. There are unsuppressed copies of Variable X.

Answer: D

Question No: 22

What are two specific reasons why Standard Code has been developed? (Choose two.)

  1. To enable rapid implementation of programs and lead to models that are easier to understand

  2. To promote consistency between models and demonstrate appropriate use of the features within Algo Financial Modeler

  3. To provide the user with fully formed models that can be adapted to their specific products and reduce the need for actuarial involvement

  4. To minimize the amount of testing required when building a new model within Algo Financial Modelerand provide a guarantee of the accuracy of results

Answer: A,B

Question No: 23

What are two principles upon which the Standard Code is based? (Choose two.)

  1. The code focuses on calculation efficiency over clarity.

  2. The code does not require any checking to ensure that it gives the correct results.

  3. Overtime,additional functionality will be included, building a growing library of content.

  4. The code is not designed to be used as a black box, but always to be modified to suit specific circumstances.

Answer: C,D

Question No: 24

Click the Exhibit button.

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The exhibit shows apicture of the compare page.

What is meant by the areas highlighted in blue in the Step variables box?

  1. A variable or property is common to both the components but is not used in either.

  2. A variable or property is common to both the components but has a different formula or value.

  3. A variable or property only appears in one of the components.

  4. A variable or property is common to both the components but one appears on a step and the other on an event.

Answer: C

Question No: 25

Click the Exhibit button.

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Referring to the exhibit, what would cause a problem if the model was run?

  1. It contains a nested stochastic process.

  2. The data layer has more than one data process.

  3. The same projection process is used in both top layers.

  4. A model can only have one top projectionlayer.

Answer: D

Question No: 26

If no suffix is attached to a portfolio variable in an event variable隆炉s formula, then which value is used?

  1. The value at the end of the step

  2. The value at the previous event regardless of type

  3. The value at the previous event of the same type

  4. The value at the start of the step

Answer: D

Question No: 27

Which two statements are true about portfolio variables? (Choose two.)

  1. Portfolio is a localproperty of the variable.

  2. Only portfolio variables in the data view will be passed into the projection layer.

  3. Only portfolio variables can be passed from projection step to projection step.

  4. Portfolio variables can be summed (event plus step values) over a projection step using the totals syntax.

Answer: B,C

Question No: 28

In which situation do we need to specify the initial value for portfolio variables?

  1. When portfolio variables are referenced with a .index suffix in the formulae for step or event variables in aprogram.

  2. When portfolio variables are referenced with a .end suffix in the formulae for step or event variables in a program.

  3. When portfolio variables are referenced with a .prev suffix in the formulae for step or event variables in a program.

  4. When portfolio variables are referenced with a .curr suffix in the formulae for step or event variables in a program.

Answer: C

Question No: 29

Click the Exhibitbutton.

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The exhibit shows a picture of the compare page.

What is meant by the yellow highlighted areas in the Step variables box?

  1. A variable or property is common to both the components but is not used in either.

  2. A variable or property is common to both the components but has a different formula or value.

  3. A variable or property only appears in one of the components.

  4. A variable or property is common to both the components but one appears on a step and the other on an event.

Answer: B

Question No: 30

You are debugging a model that you havebuilt. When you run it, you receive the generator error for Variable Z shown below:

Variable Z: No IIP value can be set for this variable. It隆炉s formula could not be used and none of the program隆炉s inputs supplied a value.

What are two causes for the error? (Choose two.)

  1. Variable Z is included in an initialization module as well as the data.

  2. Variable Z should be a non-portfolio variable but the portfolio property is set to yes.

  3. Variable Z should be portfolio but has not been initialized properly anywhere.

  4. Variable Z has it’s aggregates property set to 鈥淵es鈥?and it should be 鈥淣o鈥?

Answer: B,C

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