Difference between revisions of "Sampling Error"
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Latest revision as of 00:20, 26 March 2019
Definition
Sampling Error is an element of Model Risk associated with quantitative risk models. In statistically derived models, sampling error is incurred when the statistical characteristics of a population are estimated from a subset, or sample, of that population. In simulation based models such as Economic Scenario Generator or Monte Carlo Simulation of Credit Portfolios it refers to an inadequate set of random scenarios