"As a data nerd, I love the realm of statistics and am very familiar with all the unique statistical models and how to best apply them to different situations. I've applied linear regression to predict outcomes based on two historically known data points. I've also applied multivariate models when looking at the distribution of multiple data points. Having dabbled a bit in the market myself and now looking to bring my quantitative analysis skills to the financial field, I am very familiar with the Gaussian model for predicting market changes and would love to bring the knowledge that I have of this model to your team here at European Investment Bank."

"As you can see from my prior experience in data engineering and financial analysis, I have extensive experience in time series modelling that utilized both univariate and multivariate models. Multivariate time series modelling has proven to be very effective when looking at and predicting the S&P 500 performance, and I think my skills in this arena would greatly benefit your team."

How you answer this question should inform your interviewer whether you have the skills to apply a statistical model in finance by having you talk about the models you are familiar with and have worked with. The financial industry relies upon its Financial Engineers and Quantitative Analysts to utilize complex algorithms and math to predict the trading market's immediate future. While being honest about your experiences, be sure to point out that you are aware that some apply more to finance and the market to set yourself apart during this question.