Question: compare and contrast Monte Carlo... Answer all sub-questions: a) Compare and contrast the Monte Carlo and Historical simulation as tools for measuring the risk. [11

compare and contrast Monte Carlo...

Answer all sub-questions: a) Compare and contrast the "Monte Carlo" and "Historical" simulation as tools for measuring the risk. [11 grades] b) Why in risk analysis the right choice of the probability distribution that describes the risk factor's values it is of paramount importance? Discuss [11 grades] [11 grades] c) Describe how statistics are used in risk management

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