Financial Risk Manager Part 2
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Q-24. The LDA process is applied to each cluster of losses through a unit of measure (UoM) that needs to be further aggregated into a total loss distribution. Which of the following statements about Units of Measure (UoM) in the context of operational risk is incorrect?
Q-24. The LDA process is applied to each cluster of losses through a unit of measure (UoM) that needs to be further aggregated into a total loss distribution. Which of the following statements about Units of Measure (UoM) in the context of operational risk is incorrect?
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A
The choice of UoM should reflect how the business is organized and the intended use of the model.
B
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