Autor: Nermin Sefić
Nermin Sefić analyses model risk, key controls, and practical consequences for companies relying on analytical models.
Models assist decision-making, but require limits, independent review, and a clear process for when results diverge from reality.
Models assist decision-making, but require limits, independent review, and a clear process for when results diverge from reality.
Every model simplifies reality and therefore carries the risk of a wrong assumption or wrong application.
Model control includes documented inputs, versions, warning thresholds, and independent validation.
A model's output should be an input to a decision, not a substitute for responsible human judgment.
Cjelovit tekst i izvor: https://gnk-asg.hr/en/publications/managing-model-risk-in-business-decisions/
Autor i urednička odgovornost: Nermin Sefić. Izdavač: GNK ASG d.o.o..
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