Even I face same problem as Phoebe. The content from chapter 2 Dowd is difficult to comprehend.
It is detailed in reading Part 1: VaR : Measures of financial risk"
How the results of scenario analysis can be interpreted as coherent risk measures?
If there are numerous distribution function involved, how to apply scenario analysis?
Los 54.h cross reference to Dowd chapter 2
For a portfolio of loans, how to calculate unexpected loss?
There seems to be a complicated formula but could not understand it.
Can someone please help in understanding it?
Hi Guys,
I am also appearing for FRM level 1 in November 2018.
I missed in last attempt, now gearing up again to clear it.
Request you to please add me also. My number is +91 9739739016.
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