easy · FRM Part 2 Market Risk
Formula-and-meaning check before application in Market Risk.
Within Market Risk — Correlation, Copulas & Dependence, which statement correctly describes Marginal distribution?
- function that combines marginal distributions with a dependence structure
- stand-alone probability distribution of one variable in a multivariate model
- tendency of variables to experience extreme outcomes together
- dependence measure based on ordering rather than raw values
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