Question: 4. Why is backward-looking tracking error not a good indicator of future risk? 5. In practice, how is forward-looking tracking error calculated? 6. Why is

 4. Why is backward-looking tracking error not a good indicator of

4. Why is backward-looking tracking error not a good indicator of future risk? 5. In practice, how is forward-looking tracking error calculated? 6. Why is there no guarantee that the forward-looking tracking error at the start of a quarter will exactly match the backward-looking tracking error calculated at the end of that quarter

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