The Impact Of Variance Of Data Sets-Discuss

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Consider the impact of variance of data sets and predictability. We talked about the various tools investors and managers employ to measure market risk.First Paragraph
Please address the following:Describe the significance of applying statistical tools to measure risk. Can investors or financial managers confidently forecast performance without the application of statistical tools? Why or why not?Second Paragraph
Expand on the significance of statistical tools to measure risk.
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