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:

Literary Digest

A general interest magazine in the United States that published from 1890 to 1938, known for its failed prediction of the 1936 presidential election.

Probability Sampling

A method of sampling that utilizes random selection procedures to ensure every member of a population has an equal chance of being included in the sample.

Margin Of Error

A measure in survey research, indicating the range within which the true value (for example, percentage of population holding a certain opinion) lies with a certain level of confidence.

Percentage Points

A unit for the difference of percentages, referring to the absolute difference between values in percentage terms, not the relative difference.