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Aclient has redesigned their nonprofit endowment product to pay a guaranteed 110% of Sum Assured on death rather than just the Sum Assured assumed in Standard Code. They want you to update the model so that it will be unaffected when any future updates of Standard Code are copied into the workspace. How would you do this?
Change the existing formula to 110%* Sum Assured.
Comment out the original code within the existing module and replace with 110% * Sum Assured.
Copy the Sum Assured variable into a blank line at the bottom of the product and change the code to 110% * Sum Assured.
Copy the Sum Assured variable into a blank line at the bottom of the module and change the code to 110% it Sum Assured.
Click the Exhibit button.
Referring to the exhibit, what would cause a problem if the model was run?
It contains a nested stochastic process.
The data layer has more than one data process.
The same projection process is used in both top layers.
A model can only have one top projection layer.
What are two Algo Financial Modeler output types? (Choose two.)
Answer: A, C
How would you make a model built in Algo Financial Modeler stochastic?
Add a stochastic process to a module.
Add a stochastic process to a layer in the model.
Add a stochastic process to a data process.
Add a stochastic process to an assumption set.
Click the Exhibit button.
Referring to the exhibit, what does the symbol shown on the Algo Financial Modeler toolbar do?
It produces a Build Only version of the model.
It highlights orphan variables.
It launches the AFM help file.
It applies any changes in the model.
In which two locations would an analyzer tool be found? (Choose two.)
Answer: A, B
You are debugging a model that you have built. 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¡¯s formula could not be used and none of the program¡¯s inputs supplied a value. What are two causes for the error? (Choose two.)
Variable Z is included in an initialization module as well as the data.
Variable Z should be a non-portfolio variable but the portfolio property is set to yes.
Variable Z should be portfolio but has not been initialized properly anywhere.
Variable Z has it’s aggregates property set to “Yes” and it should be “No”.
Answer: B, C
You have a model with a data layer, a top projection layer, and a sub layer. When the sub layer is called, what will be the portfolio date of that layer?
The start date of the model
The inception date of the first data record
The start date of the projection process
The step date of the top projection layer at which the sub layer is called
Which two features appear in a module? (Choose two.)
Answer: A, C
IBM C2020-003 Exam (IBM Algo Fundamantals) Detailed Information
C2020-003 Test Information / Examination Information
Number of questions : 60 Time allowed in minutes: 90 Required passing score : 66% Languages : English
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C2020-003 IBM Algo Fundamantals
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Test Code : C2020-003
Test Name : IBM Algo Fundamantals
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IBM Algo Fundamantals certification
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