ANGHELACHE, Victoria Gabriela; OANEA, Dumitru Cristian; … - In: Romanian Statistical Review Supplement 61 (2013) 2, pp. 66-72
In order to measure the total risk to which an investor or a financial institution is exposed when they invest in a financial asset, there needs to be a tool to capture this risk. The most widely used tool in measuring the total risk is Value at Risk. The first parameter that must be estimated...