In Sequential Order, the Steps Involved in Back Simulation Are

question 25

True/False

In sequential order, the steps involved in back simulation are as follows: measure exposures, measure sensitivity, measure risk, measure risk again, rank days by risk from worst to best, VAR.

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Definitions:

Reinforcement

In psychology, a process in which a behavior is made more likely to occur in the future by its consequences.

Specific Number

A distinct or precisely identified quantity, often used in mathematical or statistical contexts.

Randomly Varying

Describes a process or phenomenon that changes unpredictably, without a discernible pattern or order.

Fixed-interval Schedule

A type of conditioning reinforcement schedule where rewards are provided after a specified time interval has passed.