Lilac Insights Business Finance Manager Interview Questions and Answers

Q1. General Introduction and work history
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Q1. Would you spend an additional 1 week to get a model with 80% R-sq to 90% rsq ?
Ans. 
It depends on the specific project requirements and potential impact of the model's accuracy increase.
• Consider the importance of the model's accuracy in achieving project goals.

• Evaluate the potential benefits of the increased accuracy, such as improved decision-making or cost savings.

• Assess the feasibility of achieving a higher R-squared value within the additional week.

• Compare the trade-offs between spending more time...read more
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Q1. How model maintainance was done, mlflow
Ans. 
Model maintenance is done using MLflow, a platform for managing the end-to-end machine learning lifecycle.
• MLflow provides tools for tracking experiments, packaging code, and deploying models.

• It allows for easy comparison of different model versions and tracking of performance metrics.

• MLflow can be integrated with popular machine learning libraries like scikit-learn, TensorFlow, and PyTorch.

• Model maintenance involves re...read more
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Q2. What is precision recalll
Ans. 
Precision recall is a measure used in classification tasks to evaluate the quality of the model's predictions.
• Precision is the ratio of correctly predicted positive observations to the total predicted positive observations.

• Recall is the ratio of correctly predicted positive observations to the all observations in actual class.

• Precision and recall are often used together to evaluate the performance of a classification m...read more
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Behavioural question, business development experience

Discussion on resume? Why did you use deep learning model?

Q1. Partioning and clustering difference
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I dont remember clearly

Q1. SQL Python Data analytics Statistics
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Functional, case study, guesstimates, problem solving

Q1. Director/Senior Director would be taking the round. Check fitment
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Q1. Pharma industry questions
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Q1. Describe MMx process
Ans. 
MMx process is a strategic marketing process that focuses on maximizing market share and profitability.
• MMx process involves analyzing market trends and competition

• It includes identifying target customers and developing marketing strategies to reach them

• MMx process also involves monitoring and adjusting strategies based on performance metrics
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Q1. Talk about things that motivate you
Ans. 
I am motivated by challenging projects, opportunities for growth, and making a positive impact.
• Challenging projects push me to learn and grow

• Opportunities for growth keep me engaged and excited

• Making a positive impact on others or the company drives me to do my best

• Recognition and appreciation for my work also motivates me
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Q1. Sql, python and Analytics basics
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Q1. Guestimates, problem solving
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Q1. Discussion with leadership. Checking cultural fit
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