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Risk Management




Interval Value-at-Risk


A type of value-at-risk (VaR) that measures the risk associated with a risky asset with an interval-valued return. At the core of this interval-valued risk measure is the so-called random interval that describes uncertainty with both randomness and imprecision. Given the pervasive market uncertainty, random intervals are employed to outline the returns of a risky asset.



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Risk management is a collection of tools, techniques and regimes that are used by businesses to deal with uncertainty. This involves planning and ...
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