GARP 2016-FRR Exam - Topic 3 Question 17 Discussion

Which of the following statements are reasons for mathematical valuation and risk assessment models to be misleading or inaccurate?

I . There could be missing factors in models.

II . The data used as input for the model could be bad or wrong.

III . Model results could be misinterpreted.

IV . There could be errors in the derivation of the model.