LOR16: The quantile function, the survival function and the PDF
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LOR16: The quantile function, the survival function and the PDF
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We then explore how each of these tools helps describe the behavior of a random variable.
Along the way, we also introduce Value-at-Risk (VaR), which becomes quite straightforward once you understand quantiles.
Are you ready to take the risk?
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-logic-of-risk--6469023/support.
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