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  1. yeng18950

    P1. T1. Actual losses converge on the Expected loss?

    Hello, On page 8 of the study notes for P1.T1.Ch1, a statement is made about the relationship between actual loss & expected loss "The more granular (aka, less lumpy) is the credit portfolio, the more the actual losses should converge on the expected loss." Would you please elaborate on...
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