Instructional Video: Lynch, Chapter 4. Beyond Exceedance-Based Backtesting of Value-at-Risk Models

David Lynch et al, Validation of Risk Management Models for Financial Institutions instructional video reviews the following key concepts:

Chapter 4. Beyond Exceedance-Based Backtesting of Value-at-Risk Models

Probability integral transform
Validating VaR Models
Challenges in Calculating Confidence Intervals for VaR
Backtesting using PITs

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