Level III Sample exam的一些问题讨论 如何, provide, 大

julia777

Sample 1，Q7

 

Viganette里说：Switching to a 99% confidence level (from 95%) would provide a less conservative VAR.

Conservative 如何理解？更小，更保守？那Less conversative就是更大？

[此贴子已经被作者于2009-5-23 13:09:05编辑过]

julia777

Sample 1，Q9

 

题目问：key advantages of analytical method (estimating VAR)

选项3，ability to incorporate optionality into the analysis. Optionality是指什么？是Monte Carlo method 里面设定不同假设的optionality吗？