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NEW QUESTION: 1
You are developing a SQL Server Analysis Services (SSAS) multidimensional database.
The underlying data source does not have a time dimension table.
You need to implement a time dimension.
What should you do?
A. Create a script by using a sample time dimension from a different multidimensional database. Then create a new dimension in an existing multidimensional database by executing the script.
B. Use the SQL Server Data Tools Dimension Wizard and generate a time table in the data source.
C. Create a CSV file with time data and use the DMX IMPORT statement to import data from the CSV file.
D. Use the SQL Server Data Tools Dimension Wizard and generate a time dimension by using the Use an existing table option.
Answer: B
Explanation:
In Microsoft SQL Server Analysis Services, you can use the Dimension Wizard in SQL Server Data Tools (SSDT) to create a time dimension when no time table is available in the source database.
Generate a time table in the data source Select this option when you have permission to create objects in the underlying data source. The wizard will then generate a time table and store this table in the data source. The wizard then creates the time dimension from this time table.
Generate a time table on the server Select this option when you do not have permission to create objects in the underlying data source. The wizard will then generate and store a table on the server instead of in the data source. (The dimension created from a time table on the server is called a server time dimension.) The wizard then creates the server time dimension from this table.
References: https://docs.microsoft.com/en-us/sql/analysis-services/multidimensional- models/create-a-timedimension-by-generating-a-time-table
NEW QUESTION: 2
Although some Practice Advisories may be applicable to all internal auditors, others may be developed to meet the needs of a _______, a __________, or _________, including guidance on topics such as environmental issues, control self assessment, information technology, government auditing, and guidance issued by other standard setting bodies and adopted by ______________.
A. Specific audit specialty, Specific geographic area, Specific industry, committees of The IIA
B. Specific industry, Specific audit specialty, Specific geographic area, committees of The IIA.
C. Specific industry, Specific audit specialty, committees of The IIA, Specific geographic area,
D. Specific industry, Specific geographic area, committees of The IIA, Specific audit specialty
Answer: B
NEW QUESTION: 3
Which of the following statements are true:
I. Implied volatility refers to volatility estimates made by risk managers for their VaR calculations II. Implied volatility is generally observed to be constant across strikes and expiries, as otherwise we would have riskless arbitrage possible.
III. Volatility smile refers to the shape of the implied volatility curve across different strike prices IV. An option portfolio cannot have negative theta
A. I and III
B. I, II and IV
C. III
D. III and IV
Answer: C
Explanation:
Explanation
Implied volatility is the volatility that is priced in the current market prices. In other words, we know the formula for pricing an option, and we find the value of the volatility for which we get the current market price.
It is the volatility that the market is ascribing to that security. Therefore statement I is not correct.
Implied volatility in the market tends to vary across strikes, even with the same underlying. There is a certain level of demand for out of the money puts, for example, from investors trying to set a floor for their losses. At the same time, there is a natural supply of out of the money calls from investors trying to earn some relatively risk free premiums. These factors cause options with different strikes to be priced in a way as to give different estimates of market volatility at each strike *& resulting in the 'volatility smile'). Therefore statement II is not correct.
The shape of the implied volatility curve is called the 'volatility smile', because of the shape it sometimes takes. Statement III is correct.
Theta is the rate of change of an option's price with the passage of time. It causes the value of the option to decrease over time, such that if it is out of the money and close to expiry, the price of the option approaches zero. Theta is therefore negative by definition. Statement IV is not correct. Remember that theta will be positive for short positions.
NEW QUESTION: 4
Welchen Zweck hat ein Ausnahmeregelungsplan?
A. Reduzieren Sie die Anzahl der Ausnahmebewertungen, indem Sie ein Budget zur Deckung der Kosten für Änderungsanträge vereinbaren
B. Zeigen Sie den Grund für die Toleranzabweichung von einem Phasenplan oder Projektplan an
C. Identifizieren Sie die Maßnahmen, die erforderlich sind, um sich von den Auswirkungen einer Toleranzabweichung zu erholen
D. Definieren Sie die Änderungen, die im Rahmen des Änderungsbudgets liegen
Answer: C
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