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Suppose the daily changes for a portfolio have a first-order autocorrelation parameter of 0.12. The 10-day VaR is calculated by multiplying the one-day VaR by,

Suppose the daily changes for a portfolio have a first-order autocorrelation parameter of 0.12. The 10-day VaR is calculated by multiplying the one-day VaR by, is 2 million. What is a better estimate of VaR that takes into account the autocorrelation?
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Suppose the daily changes for a portfolio have a first-order autocorrelation parameter of 0.12 . The 10 -day VaR is calculated by multiplying the one-day VaR by, is 2 million. What is a better estimate of VaR that takes into account the autocorrelation

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