Value at Risk

Slyart2046

Hi!!!

 

I am trying to start a project with my students about Value - at - risk using Historical, parametric, Monte Carlo and Extreme Value. I cant find any of the simulation operators, could someone help me?

 

Art

 

Thomas_Ott

There are no native VAR type of operators in RapidMiner but if you know the formulas, you can calculate it yourself. Here's a process on how to do Monte Carlo: https://datascientist.at/2016/04/simulation-mit-rapidminer/