Quantile Function

Quantile Function

Related Courses

Contact Us


Registered with FRM Institute as a training provider following the prep provider guidelines
80% success rate for last year FRM students

Other Related Links

Hi, This is David from Bionic Turtle, and today we will be looking at the Quantile Function. The quantile function, which is the inverted cumulative distribution function, gives us the value (X) that answers the question, with confidence of (P%), what is the most losses I can expect?

The quantile function is not an idea in itself, but since it is an inverted function it tends to confuse most people. So to explain this concept, we have created a video that covers an example. You can watch this video here.

Here is the spreadsheet we have used (and that shows the same recursive solution to all three distributions): http://db.tt/gyrCxFU5

This brings us to the conclusion of the 5-Day Operational Risk Course. To know more about the full program (that's the one with the premium membership), click here.

Post a Query



  Sameer Pendse, Mumbai
Terrific line-up, helps decipher books and promotes self-learning and a passion for the subject. Clearing FRM® becomes a side-effect in the larger scheme of things.
  Anand Sampath, Hyderabad
My experience with EduPristine has been extremely satisfactory. Coaching is imparted by committed, confident and honest tutors, who are experts in their own domains. To a serious FRM student, he can benefit a lot from his or her association with EduPristine and its faculty.

About Your Teachers

Dinesh has worked as a Basel II Project Manager with one of the Top-3 private sector banks in India. Dinesh has worked extensively on corporate risk management, capital management, risk parameter estimation and validation, operational loss data and risk policy framework.

Prior to launching bionicturtle.com, David was a consultant to executives and Boards. He advised primarily to technology and financial firm on transactions (IPSO, M&A), incentives and performance improvement (economic value added).


Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA Institute, CFA®, Claritas® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Utmost care has been taken to ensure that there is no copyright violation or infringement in any of our content. Still, in case you feel that there is any copyright violation of any kind please send a mail to abuse@edupristine.com and we will rectify it.

2015 © Edupristine. ALL Rights Reserved.

coursepages.php Post ID = 3445