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Assessment
What is the primary purpose of using statistical models in risk assessment?
To quantify and predict potential risks.
To eliminate all risks.
To ignore historical data.
To develop marketing strategies.
Which statistical method is commonly used to analyze the likelihood of an event occurring in risk assessment?
Linear Regression
Logistic Regression
Time Series Analysis
Cluster Analysis
When constructing a statistical model for risk assessment, which factor is crucial to ensure the model's accuracy?
Choosing any random variables.
Including relevant predictor variables.
Focusing solely on past trends.
Neglecting demographic data.
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