Instructional Video: Jorion, Chapter 6: Backtesting VaR

Jorion, Chapter: Backtesting VaR is a 36-minute instructional video analyzing the following concepts:

* Define backtesting and exceptions and explain the importance of backtesting VaR models.
* Explain the significant difficulties in backtesting a VaR model.
* Verify a model based on exceptions or failure rates.
* Define and identify type I and type II errors.
* Explain the need to consider conditional coverage in the backtesting framework.
* Describe the Basel rules for backtesting.

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