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A Convolutional Neural Network (CNN) is a type of deep learning architecture that uses multiple layers of Convolution and Pooling to analyze and learn complex relationships in images and other grid-structured data. The Convolution layer applies filters to small sections of the input, while the Pooling layer reduces the spatial size of the feature maps generated by Convolution. The final layers of a CNN typically include fully connected layers that make predictions based on the learned features. CNNs are widely used in image classification, object detection, and other computer vision tasks.

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Statistics is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data. It plays a crucial role in data science, helping data scientists make informed decisions by providing insights and predictions from data. Basic statistical concepts include measures of central tendency (mean, median, mode), measures of dispersion (range, variance, standard deviation), probability distributions, hypothesis testing, regression analysis, and more.

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Risk Modeling is defined as a systematic approach used for the quantification of risk. It is associated with mathematical techniques and methods responsible for predicting the risk factors of business strategy. Risk modeling utilizes various techniques such as historical simulation, market risk, value at risk and extreme value theory for portfolio analysis and making forecasts to predict losses that can incur different risks in the future.