Question: Expected Shortfall (ES) is considered a better risk measure than Value at Risk (VaR) because: Question 8Answer a. It accounts for all possible losses beyond

Expected Shortfall (ES) is considered a better risk measure than Value at Risk (VaR) because: Question 8Answer a. It accounts for all possible losses beyond the VaR threshold. b. It is easier to calculate than VaR. c. It only considers the average loss in the worst-case scenarios. d. It requires less data to compute accurately

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