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In the world of Quantitative model risk management, can you please tell me what is Model 1 type, Model 2 type etc?

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  • $\begingroup$ Where do you see these - model 1, 2 type? $\endgroup$ – Dimitri Vulis Feb 20 at 5:23
  • $\begingroup$ I have heard in a technical discussion on model risk management $\endgroup$ – Brian Smith Feb 20 at 7:36
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    $\begingroup$ Sorry, I don't recall hearing these terms. May be local to your firm. I suggest you look for its model risk management policies / procedures / training on its intranet, or ask whoever said it what they mean and where these terms are defined. $\endgroup$ – Dimitri Vulis Feb 20 at 13:49

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