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A data analyst employed at a prominent financial institution is tasked with assessing the value of a rare stock option that possesses very few identifiable characteristics. To estimate the potential value of this option, the analyst is considering the application of simulation techniques. Specifically, they are deliberating between the use of Monte Carlo simulation and bootstrapping methods. Which of the following statements correctly describes an aspect of bootstrapping?
A
Data used for bootstrapping must follow a standard normal distribution.
B
Data used for bootstrapping must be resampled with replacement.
C
Data used for bootstrapping must come from a variable with known properties.
D
Data used for bootstrapping must be resampled such that all possible outcomes in a probability space are present.