In financial simulation models,the value at risk (VAR)is the 5^th percentile of an output distribution,and it indicates nearly the worst possible outcome.

Name: In financial simulation models,the value at risk (VAR)is the 5 th percentile of an output distribution,and it indicates nearly the worst possible outcome.
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The value at risk (VAR) is the 5th percentile of an output distribution, which means that it represents the worst possible outcome that is likely to occur with a 5% probability.

In Financial Simulation Models,the Value at Risk (VAR)is the 5th

In Financial Simulation Models,the Value at Risk (VAR)is the 5^th