VaR

Question 352 pts Which of the following statement is TRUE regarding the comparison of VaR estimates from different models, for the same portfolio and with the same VaR model parameters? Group of answer choices [ The historical VaR and Monte Carlo VaR should be the same, they only differ due to simulation error The historical VaR is greater than the normal VaR when h is large The Monte Carlo VaR based on a normal distributon will always be less than the normal VaR None of these are correct