1 Differentiate between Agile and Waterfall models.
| Sl. No. | Agile Model | Waterfall Model |
| 1 | Flexible in nature | Structured software development methodology |
| 2 | Focuses on customer satisfaction, majorly | The internal process does not require customer participation |
| 3 | Flexible to changes in requirement | Requirements must be clearly defined; changes are difficult to implement |
| 4 | Incremental approach | Sequential design process |
| 5 | Testing can be done in every phase | Testing is performed only in the final phase |
Example: “Yes, I am very familiar with the types of financial instruments that traders work with. In my current role as a Trading Analyst, I have been exposed to many different types of financial instruments such as stocks, bonds, futures, options, commodities, and currencies. I understand how each type of instrument works, their associated risks, and how they can be used in trading strategies.
We also need to be able to communicate effectively with traders so they understand our analysis and can act accordingly. We should always be open to feedback from traders and willing to adjust our approach if needed. Finally, it’s essential to remain organized and efficient when working with traders as this will ensure that all deadlines are met and that no information is overlooked.”
I understand the importance of accuracy when it comes to financial modeling and I take great care to ensure that all data points are correct before making any decisions. I have a strong understanding of how markets work and can quickly identify trends or anomalies in order to make informed decisions.”
Example: “When analyzing a trading strategy, I prefer to focus on both short-term gains and long-term sustainability. Short-term gains are important for assessing the immediate success of a strategy, but it is also essential to consider how sustainable the strategy will be over time. This means looking at factors such as risk management, portfolio diversification, and market trends. By taking into account both short-term and long-term considerations, I can ensure that my analysis provides an accurate assessment of a trading strategy’s potential.
I understand that making decisions based on conflicting data can be difficult, but I am confident in my ability to evaluate both sides of the argument and come to a logical conclusion. My experience as a Trading Analyst has allowed me to develop strong problem-solving skills and think critically about complex situations. With these skills, I am sure that I can provide valuable insights when faced with discrepancies.”
What is a feasibility study?
The requirements and problems of a business/project should be studied and understood by a BA, and he/she should set a scope for the business problem. The feasibility study is identifying the possibility (success rate) of the proposed idea for a business problem. It helps identify new opportunities and focus on the project.
1 How does CATWOE help in business analysis and decision-making?
Customers, Actors, Transformation process, Worldview, Owners, and Environmental constraints (CATWOE) helps in making decisions ahead of time. It includes analyzing how those decisions will affect customers (C); who are involved as actors (A); what different transformation (T) processes are which might affect the system, global picture, and worldwide (W) issues; who is responsible/has ownership (O) for the business; and what the environmental (E) impacts will be of the project/business.
Learn more about the responsibilities of a Business Analyst in this Business Analyst Training in New York to get ahead in your career!