Question: (b) Using a real-life practical scenario within the context of business administration and using appropriate referencing compare and contrast: (i) Value-at-Risk (ii) Expected shortfall (iii)
(b) Using a real-life practical scenario within the context of business administration and using appropriate referencing compare and contrast:
(i) Value-at-Risk
(ii) Expected shortfall
(iii) Profit-at-risk
Use Excel to compute the different measures and detail the steps clearly.
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