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What Is Model Validation? |
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Answer» A model validation is nothing but a SET of instructions or defined WORKFLOW which actually DOUBLES checks WHETHER the entire system is functioning as it is supposed to be. To be specific a model validation is nothing but a collection of processes and set of activities which are executed to verify whether the fraud models are executed and VALIDATE as it is expected to be. A model validation is nothing but a set of instructions or defined workflow which actually doubles checks whether the entire system is functioning as it is supposed to be. To be specific a model validation is nothing but a collection of processes and set of activities which are executed to verify whether the fraud models are executed and validate as it is expected to be. |
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