Exam 1(Module 2) January 24 Cohort released date is 7th March 2024 and Submission deadline is 21st March 2024. Exam 2 (Module 3) Released date is 15th April 24 and submission deadline is 29th April 2024. Exam 3 (Module 4/partially 5) Released date is 16th May 2024 and Submission Deadline is 30th May 2024. Final Project Released date is 27th June 2024 and submission deadline is 22nd August 2024. Final Optional Exam is Saturday 7th September 2024.
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ChatGPT is a tribute to the extraordinary advancements made in natural language processing in the dynamic field of artificial intelligence. ChatGPT, created by OpenAI, leverages the GPT-3.5 architecture’s capability while breaking down barriers and redefining how humans engage with technology. As we explore ChatGPT’s capabilities, it becomes clear that its influence goes beyond simple communication.
The Birth of
ChatGPT:
ChatGPT is the result of OpenAI’s unwavering quest to improve language models. The GPT (Generative Pre-trained Transformer) architecture is at its foundation and represents a substantial advancement in natural language generation and comprehension. ChatGPT has been trained on various datasets and has learned different linguistic nuances, allowing it to reply contextually and produce human-like text.
Conversational
Mastery:
At its core, ChatGPT is a master of conversation. It has risen to the top of applications like customer care and virtual assistance due to its meaningful and contextually appropriate communication capacity. Businesses use ChatGPT to speed up client interactions, give quick and precise answers, and improve user happiness. By linking the road between humans and machines, ChatGPT-powered virtual assistants enable fluid and natural interactions.
Extraordinary Writing
Companion:
Content producers, rejoice! In the field of writing, ChatGPT has become a crucial ally. ChatGPT contributes its unique flair to the writing process, whether for articles, blog posts, or marketing copy. Beyond simple grammar checks, the writing helper can actively participate in ideation, suggest changes, and stimulate the creative process. ChatGPT also offers comfort to programmers because it generates code snippets from descriptions in plain language, speeding up the coding process.
Educational
Empowerment:
With the introduction of ChatGPT, the educational landscape underwent a paradigm shift. No longer do students battle alone with homework problems or complex subjects. As a substitute for a real tutor, ChatGPT provides specialised guidance and explanations. The concept offers a dynamic platform for learners to practice conversational skills, receive immediate feedback, and improve their linguistic ability. This dynamic platform has excellent promise for language learning.
Developing Creativity: ChatGPT is a precursor to creativity, not limited to practical problems. ChatGPT turns into a partner in ideation for individuals struggling with the elusive spark of inspiration. ChatGPT injects a fresh stream of inspiration, working as a catalyst for invention, whether you’re a writer looking for new plot twists or an artist wishing for a fresh visual perspective.
Facilitating
Information Retrieval and Research:
ChatGPT is a valuable ally for academic and research settings. Due to its skill in information summarisation, sorting through big datasets is now a simple task. Researchers and students can use ChatGPT’s capacity to condense complicated information into summaries to accelerate the process of knowledge acquisition. The competence to quickly and precisely respond to user inquiries through the question-answering feature furthers the research procedure.
Ethical Considerations
and Challenges:
As we look at ChatGPT’s powers, discussing the ethical issues and problems associated with its use is essential. After being trained on various datasets, the model replicates the biases found in the data it learns from. Researchers and developers struggle to eliminate biases to guarantee equitable and fair interactions. Worries about the potential abuse of AI-generated content and the demand for strong security measures further highlight the ethical issues surrounding ChatGPT’s widespread use.
Future
Perspectives:
ChatGPT’s journey is far from over; it is only getting started. ChatGPT also develops along with technology. In subsequent iterations, contextual comprehension, problem-solving skills, and understanding of user intent can be improved. AI-human collaborations are anticipated to become more intense, establishing a relationship where the strengths of both parties are combined for optimal effectiveness and innovation.
Conclusion:
As a transformational force reshaping how we navigate the digital world, ChatGPT appears in the great tapestry of artificial intelligence as more than just a conversational agent. Its applications, from improving consumer interactions to encouraging creativity and advancing education, demonstrate its adaptability. But with great power comes great responsibility, and ChatGPT’s ethical issues serve as a timely reminder of the need for caution when using it. ChatGPT serves as a lighthouse, exposing the limitless possibilities that lie ahead, waiting to be explored and used for the benefit of humanity as we travel the vast landscape of AI.
Keyword: ChatGPT, Artificial Intelligence, Content Creation, Creativity, AI Human Collaboration, Education, Tutoring, Ethical Considerations
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In the ever-changing landscape of quantitative finance, where innovation and expertise converge, the Certificate in Quantitative Finance (CQF) has established itself as a beacon of knowledge and a catalyst for professional development. Among the many chapters that adorn his story, the focus is now on CQF’s June 23 Group, a dynamic collection of individuals poised to shape the future of quantitative finance. Diversity is a hallmark of the CQF June 23 Cohort team, representing a global tapestry of aspirations, cultures, and experiences. Drawn from different parts of the world, this plot illustrates the international nature of financial markets. Among its ranks are recent graduates looking to create a niche, seasoned professionals aiming to hone their expertise, and ambitious minds from many industries—convergence to open up new horizons. The group’s diversity creates a synergistic exchange of views and ideas, fostering a shared journey of discovery and development.
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The liberalisation of the ASEAN air transportation sector has increased tremendous competition in the business approaches of Air carriers and Passenger traffic. This research work is about the process of understanding the act of liberalisation through the Open Sky policy and analyse the same in terms of the increasing competition in the selected domains. For this purpose the Case Study research methodology has been selected as the appropriate means of meeting the answers to the research questions. Moreover, interview sessions with experienced professionals from the aviation sector are also considered by this research work. The basic idea is to know the competitive advantages and the disadvantages led by liberalisation in the business approaches of air carriers and passenger traffic in ASEAN region. The data collected for CAPA (2016) will also be analysed in justification of growth that the liberalisation has added to the aviation sector. The way to control the activity of liberalisation for better benefit of the ASEAN aviation sector will remain as core target of this research work.
Executive Summary
The liberalisation of the ASEAN air transportation sector has increased tremendous competition in the business approaches of Air carriers and Passenger traffic. This research work is about the process of understanding the act of liberalisation through the Open Sky policy and analyse the same in terms of the increasing competition in the selected domains. For this purpose the Case Study research methodology has been selected as the appropriate means of meeting the answers to the research questions. Moreover, interview sessions with experienced professionals from the aviation sector are also considered by this research work. The basic idea is to know the competitive advantages and the disadvantages led by liberalisation in the business approaches of air carriers and passenger traffic in ASEAN region. The data collected for CAPA (2016) will also be analysed in justification of growth that the liberalisation has added to the aviation sector. The way to control the activity of liberalisation for better benefit of the ASEAN aviation sector will remain as core target of this research work.
1.1 Background Overview The ASEAN Single Aviation Market, or as popularly termed as ASEANSAM is the ASEAN Open Sky policy, which gets recognised as the most major policy of this particular region. Based on this policy, ASEANSAM geared up all the developmental approaches and further aimed in enhancing the unified as well as the market of single aviation business among the ASEAN members. According to the report of Tan (2009), the initial proceedings of ASEANSAM for the Southeast Asian members date back to 1 st of Jan., 2016. The Air Transport Working Group of ASEAN proposed the policy of ‘Open Sky’ in the aviation domain, and the same was supported by Senior Transport Officials. Moreover, ASEAN Transport Ministers endorsed it. The research based declarations of Chinaview (2007) and Tan (2009) state that the establishment of ASEANSAM was initiated with the aim to establishment the strong hold of ASEAN Economic Community, whereby it was expected to get accomplished by the activity of liberalization and air travel business among the ASEAN members. The approach of the ‘Open Sky’ policy is to offer direct benefits to the aviation sector and add the element of growth and sustainability in the business of air travel in the global sky. This policy is also meant to establish free tourism related services, ventures of trade and commerce, and assist in high quality based services to all the ASEAN member states (Chinaview, 2007 and Tan, 2009).
1.2 Problem Formulation The problem that this research laid emphasis on- is about the clashes of policies and agreements that are liable to happen between the aviation services of the ASEAN member state. Based on the investigative research of Forsyth, et al. (2004) and Forsyth & Rodolfo
5
Liberalisation in Aviation: ASEAN Open Sky Page 5 (2006), this research concentrates in gaining the key towards progressive solution to the probable clashes. It also is in pursuit of attaining adequate amount of resolution in the implementation of liberalisation to the aviation industry under the regulations of ‘Open Sky’. The problem with the air traffic liberalisation among the capital cities, the ASEAN members are subject to get into the competition of holding unified aviation principles and at the same time designate individual competitive approaches, hence the current research approach.
1.3 Research Questions Keeping in consideration with the aforementioned problem formulation, the current research has attained some questions in terms of understanding the challenging competitive platform between the air carriers and passenger traffic, while implementing and developing ‘Open Sky’ policy, by the ASEAN liberalisation of aviation sector. These are the research questions are as follows:
What is the process of liberalisation of the air transportation system in the region?
How does liberalisation of the air transportation system create an impact on the competition between air carriers and passenger traffic?
What is the impact of air transport liberalisation on competition between air carriers and passenger traffic in ASEAN region?
What are the recommendations provided to appropriate entities for controlling liberalisation of the air transportation system that creates an impact on the competition between air carriers and passenger traffic in ASEAN region? The selection of these questions are meant for the understanding of the ‘Open Sky’ policy and the impact that the same as on the futuristic approaches of air carriers and passenger
6
Liberalisation in Aviation: ASEAN Open Sky Page 6 traffic among the ASEAN members. Moreover, these are the questions that are further considered in adding research objectives to the current paper and are mentioned hereafter.
1.4 Research Objectives This research paper aims in gaining the insight into the liberalisation of Aviation in the peripheral count of ‘Open Sky’ venture noted by ASEAN. Diversified aspects, especially the concerns of capacity deregulation, along with the approach on the process of implementing price related controls, will be investigated hereby. This research work will focus in understanding all sorts of different agreements and policies, counted as per geographic as well as functional dimensions in the competitive arena of air carriers and passenger traffic, for the meeting the liberalisation approaches as noted by the formulations of ASEAN ‘Open Sky’. The core objectives of this research paper are as follows- To gain adequate critical information about the relevance of liberalisation through ‘Open Sky’ by ASEAN. To understand the challenges and the issues related to the developmental approach of ASEAN air carriers. To understand the challenges and the issues related to the developmental approach of ASEAN passenger traffic. To identify the competitive stress among the air carriers & passenger traffic, caused by liberalised ‘Open Sky’. To figure out the possible resolutions in offering better competitive edge to ASEAN air carriers and passenger traffic. 1.5 Research Rationale The rationale behind this research work, is to gain a critically analysed understanding of the liberalisation of ASEAN aviation sector and to point out the impact of ‘Open Sky’ policy
over the ASEAN air carriers and passenger traffic. As this gets initiated this research paper aims in offering resolution to the increasing competitive stress between the air carriers and passenger traffic of the ASEAN members. The chief purpose is to derive all those proceeding through which this research can aim in generating the positive aspects of liberalisation and eventually add a comfort level to the international competitive platform of aviation industry.
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Tourism today has grown significantly in both economic and social importance. Travel and tourism is the largest industry in the world on virtually any economic measure including : gross output,Value added,capital investment,employment and tax contributions. In 1992worldwide international arrivals had reached 467 million. In 1992, the Industry’s gross output was estimated to be $3.5 trillion,over 12% of all Consumer spending worldwide international tourism receipts rose by 6-7% in 1992 to $278 billion. The travel and tourism industry is the World’s largest employer, with almost 130 million jobs, or almost 7%Of all employees. This industry is the world’s leading industrial Contri-butor,producing over 6% of the world gross national product, and accounting for capital investment in excess of $422 billion in new faci-lities and equipment. In addition, it contributes almost $400 billion in direct,indirect and personal taxes each year.Tourism is the major source of income for a significant number of count-ries including
: 2 :
Italy,Spain,Switzerland, and most Caribean countries.All countries who have accorded priority to tourism development have Succeeded in attracting the targeted number of toursists. Spain attracts more than 40 million tourists a year.Singapore with relatively no tourism potential draws 7 to 8 million tourists per year. Walt Disney World has over 25 million visitors per year.
Tourism potential in India :
India potentially is the strongest tourism nation in the world. India is Richly endowed with limitless scope for mountain tourism,beach tourism,Historical tourism,cultural tourism,eco tourism,(nature specific activities)And desert tourism.The Himalays others unique prospects for the development of skiing,skating,white water rafting,trekking and other adventure tourism activities . The greatest adventure of all is scaling the Himalayan peaks. The Everest,Kunchenjunga and other mountain peaks offer perennial Challenges for the mountaineering enthusiasts.
The Himalayas is unequalled by any other mountain range in terms of Its sheer grandeur ,scenic beauty,variety of flora,fauna,landscape and Other natural endowments. A hundred million tourist visit the alps and Other mountain ranges every year.In view of what the Himalayas has toOffer and fact that they are located in the increasingly prosperous Asia,It should be possible for us to draw a minium of 3 to 4 million tourists a Year to the Himalayas alone. In addition to its natural advantages, it is Also home to some of the most colourful people of india such as the hutias,sikkimese,Tibetians and Nagas, each one of whom belongs to a Distinct race,each with a different language,food,attire,music,dance,etc.also the Buddhist monasteries,Hindu temples and the mystery surrounding the Himalayas makes it extremely attractive to the foreigntourist.The voletile Bay of Bengal and the serene Arabian sea with their vast Coastlines have excellent beaches unsoilt as yet by man. They provide Phenomenal scope for the development of beach tourism.Nostalgia is big business in the tourism industry. Our temples,forts,palace.
Apart from the tremendous potential for tourism, India has the advent-age of low salaries and wages which will make it possible for us to pro-vide personalized service to the visiting tourists. Educated men and women can converse in English effectively which will be a major advantage in promoting international tourism.Development of Inbound Tourism in India The increased international media coverage on India has generated a lot Of Interest among foreign tourists. This interest can be tapped by using the right mix of marketing and providing the necessary services. Inter-national businessman and professionals travelling to India have regis-tered a significant growth in the last one year and this is bound to increase in the coming months and years. These travelers can be made to spend extra time in India on leisure and tourism facilities.The economic reforms and liberalization makes it possible for Indian And foreign companies to invest in the development of infrastructure Including aviation,power,roads,transport,coastal shipping etc.
But before going to take up the issue it is better to be appointed with concept of Time Sharing Industry. As on Off- spring of tourism would the concept is take up in the next chapter.
: 8 : C H A P T E R —– II : TIME SHARING INDUSTRIES —As A CONCEPT
The Concept Time Sharing Industries mostly rotate around the leisure time utilization better known as holiday utilization. A Holiday is a period of relaxation,an excape from the daily routine. Psychologists are of the opinion that holidays are a vital component on one’s life, a chance for rest and rejuvenation, rather than a luxury.Unfortunately, holidays are expensive, and escalating costs make it diffi-Cult for more than a few people to contemplate taking an annual holiday. A lot of companies have come us to stand by the aspirants who can Afford with megre income and ability. One of such companies is Sterling. Sterling has made the holiday affordable by introducing the concept of “Timeshare”.
The different types of Time Sharing schemes are as follows :
: 12 :
Property Timeshare
When an individual became a member of this scheme he became a co-owner not only in the apartment he chose but also the entire resort complex. A portion of the price he paid goes towards a deposit for operations And maintenance which is called ASCF (Advance Subscription To-Wards Customer Facilities). This means that his property will be Looked after year/ and maintained in Prime condition for his use Year after at no additional cost. The customer can also exchange it With any other week,apartment or location which Sterling owns Now or in the future.
Flexxiweek Timeshare
: 13 :
This product was sold from March 1991 to 1992 with a view of Combining the best of both the fixed and floating week timeshares. While retaining the flexibility of the floating week, the Flexiweek Timeshare also provides access every alternate year to a prime time
Vacation during a fixed preallotted week.
Short Break timeshares
Inception :
This type of Timeshare was sold from May 1992 to September 1993.
Concept :
The reason behind this product was that people who could not afford to have a long holiday ( 6 nights/7 days ) could have a shortone which was tailor-made for them.
: 14 :
Therefore the Short Break Timeshare of 2 nights/3 days would be The right choice for them.
Target Group :
It was aimed at the Professionally busy individual, the elderly and Children who are looking for a short break.
Projects :
Oety, Yercaud and Kodaikanal.
Exchange
This timeshare is only for Season and Classic periods (Season can be Exchanged with Season/Classic while Classic can be exchanged with Classic only).
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