Binomial correlation explained: The CreditMetrics approach (Excel)

The independence of individual trials is a crucial assumption of the binomial distribution. However, in reality, individual trials are often correlated and it might be useful to estimate the binomial correlation from historical data. Today we are investigating the concepts behind the binomial correlation, its measurement techniques and significance testing, while also discussing its applicability in finance and its limitations.
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You can find the spreadsheets for this video and some additional materials here: drive.google.com/drive/folders/1sP40IW0p0w5IETCgo464uhDFfdyR6rh7
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[@0157uzair]

Thank you for making this video, can you please make video on Monte Carlo simulation.

[@rameshvenkatraman950]

i would like to have more in sights about conditional mean equation of impact of event with dummy variable

[@Hello_there_obi]

great video but by god is statistics boring hahah