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16:17
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finRGB
Operational Risk: Loss Distribution Approach | FRM Part 1 (Book 4) | Valuation and Risk Models)
This video from FRM Part 1 curriculum explains how a loss distribution is derived from an appropriate loss frequency distribution and loss severity distribution using Monte Carlo simulations. This video is included in the FRM Part 1 preparation course (https://www.finRGB.com/courses/frm-part-1-online-course).
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