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13.3 Suppose we estimate the one-day 95% VaR from 1,000 observations (in millions of dollars) as 5. By fitting a standard distribution to the observations,
13.3 Suppose we estimate the one-day 95% VaR from 1,000 observations (in millions
of dollars) as 5. By fitting a standard distribution to the observations, the probability density function of the loss distribution at the 95% point is estimated to be 0.01 What is the standard error of the VaR estimate?
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