thommo77

best_seller249 Wrote:
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> In fact, I think stress testing is a subtype of
> scenario analysis. Stress testing means you push
> one or all factors to their extreme level (an
> assuming scenario) and determine possible maximum
> loss that VAR (assumption about normal
> distribution) can't cover. Scenario analysis has a
> broader definition than that.


You know what, that may be the case. But the way my Stalla guide is laid out, which I'm sure is also laid out similarly in the CFAI text, then I'm taking that as a given.

If CFAI says my name is Goat, my name is Goat.

NO EXCUSES