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Financial Forensics · Quiz 2 · 6 Aug 2023 · May 2023 term

Question 18: Which of the following statements regarding the Weight o…

Question 18

+1 markOne correct option

Which of the following statements regarding the Weight of Evidence (WoE) technique is correct?

  1. A

    WoE is primarily used to measure the accuracy of a statistical model.

  2. B

    WoE is a feature engineering technique that assigns numerical values to categorical variables.

  3. C

    WoE is a supervised learning algorithm used for binary classification tasks.

  4. D

    WoE is only applicable to linear regression models.

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Correct answer

  • B

    WoE is a feature engineering technique that assigns numerical values to categorical variables.

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Question 18 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 6 Aug 2023, in the May 2023 term (IIT M DEGREE AN3 EXAM QPE3 06 Aug 2023). It carries 1 mark.

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