Which of the following statements regarding VaR simulation methods is correct?

Statement 1: Using the parametric method, an analyst cannot estimate a daily VaR and annualize it to arrive at an annual VaR estimate.

Statement 2: To obtain a 1% VaR, the parametric VaR simulation method requires multiplying 1.65 by the daily standard deviation of portfolio returns.

Statement 3: The Monte Carlo simulation VaR method uses historical return and distribution parameters.