(e) Explain the weaknesses of the Risk Metrics (DEAR) model in measuring market risk. Further explain the impact on the estimate of market risk due to the weaknesses in the model. (5 marks) (1) An alternative to the Risk Metrics model used above is the Historical or Back Simulation approach. In your own words, explain the Historic or Back Simulation approach. Include in your explanation how the approach compensates the limitations of Risk Metrics model