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Len [333]
3 years ago
10

In the mid 1990s, a radical new introduction to the mortgage industry was made that would revolutionize the way in which most ho

me loans were processed by classifying borrowers according to their riskiness. This was the introduction of ____________________ in the borrower evaluation process.
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
4 0

Answer:

the FICO score

Explanation:

The FICO Score helps the lenders to determine the how is the borrower likely to repay the loan. It is used to determine the creditworthiness and the lenders take a FICO score of the borrower into the account and also consider details like income and other things.

FICO Score helps the lenders make smarter as well as quicker decisions.

The Fair Isaac Corporation (FICO) the score to provide industry-standard for the scoring creditworthiness.

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When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, per capita income, or gross domestic product, they are engaging in regression analysis.

<u>Explanation:</u>

An effective mathematical formalism which enables one to analyze the interaction among two or more interest factors is understood as a regression analysis. While there are several forms of regression analysis, they all analyze the effect of one or more independent variables on a dependent variable at their source.

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In the context of investing, the term market refers to Select one:
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It has a greater impact than service industries.

Explanation:

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The _____ approach to systems development is a group-based tool for collecting user requirements.
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Critically analyse the difference and the point of convergence between floor inspection and functional inspection
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Answer:

The overview of the give scenario is described in the explanation section below.

Explanation:

  • The distinction between Floor as well as Function Inspection was that these techniques are being used to eliminate and locate faulty materials until the identical happens in manufacturing. Quality is the key objective of both processes, where expectations are reviewed and evaluated to ensure that the operation is carried out correctly.
  • The differences between the parties would be that the system in the Floor Inspection needs to be checked the content in the process mostly on the machine rather than at the beginning of manufacture to ensure that every device or floor is functioning correctly. This would be to ensure that the industrial automation expenses will not go out and then go hand in hand as well as the fault could've been readily identified.
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