Actupas’ Post

Some basic assumptions and concepts about #rag for #llms.

Concerns in IFoA Examiner's Report || CM2A Apr24 Q3(ii) to Q3(vi) Highlights: Exposing Rote Learning & Mindless Application: Institute and Faculty of Actuaries Gopal Goel, in his role as Founder Director of The Real OTM and Inflexion Point (iPoint), critiques the lack of depth and critical thinking in the IFoA Examiner's Report for CM2A April 2024 Q3. https://lnkd.in/gGSXtW8C Issue with the Question: The specific exam question reflects a fundamental contradiction. Whereas, the Solution as given in the IFoA Examiner's Reports is a classic example of a weirdly nonsensical approach to the application of the Arrow-Pratt measures of Absolute Risk Aversion (ARA). The question unsettles the examinees by commanding them "to show that Individual A (who is Risk-loving) has increasing Absolute Risk Aversion". While, the intellectually shallow solution assumes and classifies risk aversion for an individual who is risk-loving as demonstrated by the given Utility function, creating a fundamental contradiction. And, raising multiple questions on the educational and professional standards being set by the IFoA. Institute and Faculty of Actuaries Sub-standard Question Design: The critique highlights how the question encourages rote learning rather than fostering conceptual clarity. The Examiner's Report demonstrates a mindless application of formulas, undermining the essence of actuarial reasoning. Implications for Professional Standards: Questions and solutions of such low intellectual rigor risk undermining the educational and professional standards by the IFoA itself. International Actuarial Association Institute of Actuaries of India must take note of such serious lapses in the IFOA exam system. Over time, this could lead to a decrease in the prestige and credibility of the actuarial profession. Call for Change: The https://lnkd.in/gGSXtW8C video MUST serve as a wake-up call to reevaluate the design of actuarial exam questions. There is an urgent need to ensure that questions test critical thinking, real-world application, and conceptual understanding, rather than mere memorization.

Join MorganFranklin Consulting for our upcoming webinar, "An Introduction to Variable Interest Entities," where we'll delve into the complexities of VIEs and their impact on financial reporting. Gain insights from industry experts as we explore the nuances of VIE structures and their implications for businesses. Register now to secure your spot and stay ahead in navigating the intricate landscape of financial compliance.

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Join MorganFranklin Consulting for our upcoming webinar, "An Introduction to Variable Interest Entities," where we'll delve into the complexities of VIEs and their impact on financial reporting. Gain insights from industry experts as we explore the nuances of VIE structures and their implications for businesses. Register now to secure your spot and stay ahead in navigating the intricate landscape of financial compliance.

Join MorganFranklin Consulting for our upcoming webinar, "An Introduction to Variable Interest Entities," where we'll delve into the complexities of VIEs and their impact on financial reporting. Gain insights from industry experts as we explore the nuances of VIE structures and their implications for businesses. Register now to secure your spot and stay ahead in navigating the intricate landscape of financial compliance.

Join Vaco and MorganFranklin Consulting for an insightful session on the intricacies of variable interest entities (VIEs) and their profound implications for a company's consolidation determinations. In this session, you will 👇 ✔️ Understand the varying terminology used that is key to performing a VIE Analysis. ✔️ Identify when and why a VIE analysis needs to be performed. ✔️ Understand the differences between consolidation under the Variable Interest Entities model and the Voting Interest Entities model. RSVP and participate in the live broadcast to earn a CPE credit in accounting: https://lnkd.in/g-rCbqGb #CPE | #VIEs | #accounting

👋 FYI I'm giving a #FREE workshop next Monday (May 6th) on Maven about "Building a document processing pipeline for #RAG Systems" -- my goal is to give you some practical tips to help you accelerate your work immediately. Retrieval Augmented Generation or #RAG is a 🔥 hot topic. But to use RAG you need to have data to retrieve. Most commonly in organizations this data is in some form of document. Understanding the "what" and "how" of creating a document processing pipeline will enable you to move faster and make better decisions as you build out your RAG system. RSVP for Monday next week here --> https://bit.ly/4aMMQ1B Comment below if I’ll see you there!

Join Vaco and MorganFranklin Consulting for an insightful session on the intricacies of variable interest entities (VIEs) and their profound implications for a company's consolidation determinations. In this session, you will 👇 ✔️ Understand the varying terminology used that is key to performing a VIE Analysis. ✔️ Identify when and why a VIE analysis needs to be performed. ✔️ Understand the differences between consolidation under the Variable Interest Entities model and the Voting Interest Entities model. RSVP and participate in the live broadcast to earn a CPE credit in accounting: https://lnkd.in/gshHPJBx #CPE | #VIEs | #accounting

“I would recommend this course to anyone who would like to dive into the deep end of the Roth Conversion pool and come out a stronger and more capable advisor.” - Chris Kiesel     Navigating the intricacies of Roth conversions can be challenging, especially with changing tax laws and market conditions. Our NEW Kitces MasterClass, Optimizing Roth Conversions For Tax-Efficient Implementation, provides practical, hands-on training, and with the latest regulatory insights, ensures advisors will be able to offer sophisticated, comprehensive advice that leads to improved financial outcomes for their clients.     Learn more: https://bit.ly/46BYMSs