In practice, we seem to observe too many extreme observations than warranted by the normal distribution. Give

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In practice, we seem to observe too many extreme observations than warranted by the normal distribution. Give two explanations for this observation.

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Value at Risk The New Benchmark for Managing Financial Risk

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Authors: Philippe Jorion

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Question Posted: May 03, 2016 02:16 AM

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In practice, we seem to observe too many extreme observations than warranted by the normal distribution. Give

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Hence for the final analysis we can say that first th...View the full answer

Value at Risk The New Benchmark for Managing Financial Risk

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