Measuring expected losses empirically

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The concept of "measuring expected losses empirically" is best explained as.

Select one:

a. Calculating expected loss by looking at past or historical losses.

b. Using input from many different experts to come up with an expected loss estimate.

c. Asking Kings and Queens of different nations to calculate the expected loss.

d. Stacking up numerous indications of future loss expectations and using those to model expected future losses.

Reference no: EM131553673

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