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NEW QUESTION: 1
A report author has created this join relationship:
The Order number by product query includes only orders that contain a specific product selected at run time.
What must the report author do to ensure that the joined query will only contain Order numbers that appear in both of the queries?
A. Select "in" from the Operator drop down list.
B. Select "=" from the Operator drop down list.
C. Select ">=" from the Operator drop down list.
D. Select "+" from the Operator drop down list.
Answer: B
NEW QUESTION: 2
Which two statements about server pools are correct?
A. MAX_SIZE and importance are valid server pool attributes,
B. Oracle Clusterware manages availability between server pools automatically.It cannot be manually configured.
C. Servers are assigned to server pools by name
D. You can configure each server pool with a maximum size.The minimum size cannot be configured.
E. Server pools logically apportion a clusterinto groups of servers offering database or application services
Answer: B,E
NEW QUESTION: 3
Which of the following situations are not suitable for applying parametric VaR:
I. Where the portfolio's valuation is linearly dependent upon risk factors II. Where the portfolio consists of non-linear products such as options and large moves are involved III. Where the returns of risk factors are known to be not normally distributed
A. I and III
B. II and III
C. I and II
D. All of the above
Answer: B
Explanation:
Explanation
Parametric VaR relies upon reducing a portfolio's positions to risk factors, and estimating the first order changes in portfolio values from each of the risk factors. This is called the delta approximation approach. Risk factors include stock index values, or the PV01 for interest rate products, or volatility for options. This approach can be quite accurate and computationally efficient if the portfolio comprises products whose value behaves linearly to changes in risk factors. This includes long and short positions in equities, commodities and the like.
However, where non-linear products such as options are involved and large moves in the risk factors are anticipated, a delta approximation based valuation may not give accurate results, and the VaR may be misstated. Therefore in such situations parametric VaR is not advised (unless it is extended to include second and third level sensitivities which can bring its own share of problems).
Parametric VaR also assumes that the returns of risk factors are normally distributed - an assumption that is violated in times of market stress. So if it is known that the risk factor returns are not normally distributed, it is not advisable to use parametric VaR.
NEW QUESTION: 4
Which of the following is incorrect about management challenges that the traditional IT architecture faces?
A. IBM Oracle EMC (IOE) products are the main products.
B. A large number of device vendors make it difficult to manage.
C. More stable commercial products than previous ones are chosen.
D. Stability is the critical pursuit.
Answer: B