Extreme Events – Specimen Question A.3.1
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Question and Answer Summary
(a) Explain the
advantages and disadvantages of attempting to back-fill data for Index C for
the first seven periods from data applicable to either Index A
B when creating a model that jointly describes the behaviour of all three
(b) If you had to select
between either Index A
B to backfill data for Index C
as per (a), which would you use? Why?
(c) What are the
advantages and disadvantages of using a linear combination of Index A
B to backfill data for Index C,
rather than using an either/or approach as per (b)?
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