Hi David,
Could you please help understand the use of 1.96 instead of 1.65 z-value in the question 24? Attached is the screenshot. Shouldn't we be using one tail test instead of two tail test for VaR?
The same issue is also observed with question 12 that tests the backtesting concept.
Really...
Don't give up ! You have an advantage of attempting the exam once..just polish the areas you need to work on..practice is the key ! Just practise as many questions as you can. Use the last years' question banks. All the very best to you and everyone who are going to make it the next time ! Just...
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