Model Risk Meanings:
Model risk is a type of risk that occurs when a financial model is used to measure quantitative information, such as a company's market risk or transaction value, and the model fails or does not function properly. And produces negative results for the company.
- In finance, models are widely used to identify potential stock values in the future, to identify business opportunities, and to assist company executives in making business decisions.
- The danger of the model always arises when an inappropriate model is used to make a decision.
- Model hazards can be caused by deficiencies, technical or programming errors, or the use of models with data or calibration errors.
- Models such as model administration such as scrutiny, governance guidelines and independent review can be reduced.
Literal Meanings of Model Risk
Meanings of Model:
Fashion or shape (a three-dimensional figure or thing) is made of a viable material such as clay or wax.
Use for example (system, method, etc.) to imitate or imitate.
Develop simpler explanations (systems or processes), especially math, to make calculations and predictions easier.
A one-dimensional representation of a proposed person, object, or structure, usually smaller than the original.
A system or object that is used as an example can be tracked or mimicked.
Simple, mostly mathematical system or process description to facilitate calculations and predictions.
The person who is shown wearing clothes.
Specific product designs or versions.
Sentences of Model
Use coverage to model your home
Research methods are based on past work
A computer program that can model smoking behaviors
The costume celebrity has modeled
Model of St. Paul's Cathedral
The law has served as a model for dozens of laws prohibiting non-biodegradable plastic products.
Statistical models to predict the survival rate of endangered species
Synonyms of Model
supermodel, mannequin, version, replica, sort, archetype, representation, mark, variety, configuration, style, copy, double, fashion model, dummy, duplicate, design, prototype, kind, imitation, mock-up, lookalike
Meanings of Risk:
To harm, expose or harm someone or something
Conditions involved in exposure to hazards
Sentences of Risk
Disobeying the law is very dangerous
Synonyms of Risk
likelihood, probability, jeopardize, gamble with, venture, wager, prospect, put on the line, imperil, danger, threat, endanger, put at risk, fear, take a chance with, menace, put in danger, chance, peril, gamble, put in jeopardy, expose to danger, hazard, bet, possibility