Difference between revisions of "Sampling Error"
From Open Risk Manual
Wiki admin (talk | contribs) (Created page with "== Definition == '''Sampling Error''' is an element of Model Risk associated with quantitative risk models. In statistically derived models, wikipedia:Sampling error | s...") |
(No difference)
|
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
