The Use of Expected Shortfall (ES)is Most Appropriate When

question 62

Multiple Choice

The use of expected shortfall (ES) is most appropriate when

• A)there is a small sample size used to estimate probability distributions.
• B)the VAR indicates there is no possibility of losses so another method must be used to determine market risk.
• C)the probability distribution is skewed to the right.
• D)a continuous probability distribution cannot be constructed.
• E)the probability distribution indicates there is a possibility of a "fat tail" loss.

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Definitions:

Psychosocial Aspect

Refers to the interrelation of social factors and individual thought and behavior.

Immobile Patient

A patient who is unable to move independently, requiring assistance for mobility and prevention of complications associated with prolonged immobility.

Loss Of Hope

A feeling of despair or hopelessness, often arising from experiencing significant challenges or setbacks without perceived solutions.

Care Plan

A detailed approach designed to address the specific care needs of an individual, often used in healthcare settings.