CFA Practice Question

There are 155 practice questions for this study session.

CFA Practice Question

There are typically three types of samples:

I. training sample
II. validation sample
III. test sample

The term "out-of-sample" refers to:

A. III
B. II and III
C. None of them. It is the production sample.
Correct Answer: B

The training sample is often referred to as being "in-sample". Never train on test data!

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