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Thank you afterwork, very usefull hints! So maybe a good strategy when you are not sure about a question would be: (i) make notes, e.g. cross-out wrong answers in the Exam Question Sheet and (ii) mark the question in the scranton (but maybe not completely full...just as a cross as a reminder...

Thanks for your opinion on this David! :)

Hi, in order to allow an estimate in exam preparation I kindly ask you for your opinion: 1. What would you GUESS is the degree of difficulty and the time necessary to complete a Mock Exam compared to the GARP FRM Exam? (as at the FRM 25 questions should be completed in 1 hour on average...)...

Hi, to prepare for the exam I think it is very useful to know what we can expect there in regard to "operational issues". 1. Do we have to make our calculations (or maybe diagrams) directly on the Exam Question Sheet or do we get some paper? To be more concrete: Will the exam look like exactly...

No need to apologize...quite busy at the moment I guess! Thx for your help...very usefull as usual.

Any info concerning this matter? Relating to this chapter: can we expect that the simulation of a price path in the exsam will be just discrete or could it be continous too? Thanks!

Hi guys, actually I can't find the spreadsheet "Monte Carlo Methods" refering to Jorion Chapter 9 which is mentioned in the video tutorial. Can you please provide a link to it! Especially concerning the Cholesky factorization this would be extremely useful! Thanks in advance, very much...

Great to hear! Thx!

Hi David, is there a spreadsheet available for "Dowd: Measures of financial risk"? (I am asking because this is a chapter where I feel a spreadshet would help me very much, especially in understanding the practical calculation of ES). If there is a spreadsheet, I couldn't find it... Furthermore...

Thank you David! :)

Understood. However, I am not sure if the initial values used to calculate the VaR in the spreadsheet are correct. As pointed out above: Why is the initial value of 100 instead the expected future value of 100,73 is used to calculate the relative VaR (cell D34)? Why is the initial value...

Actually, I calculated both VaR the way you did in your answer in this thread. Thus, could there be a mistake in the formula of the spreadsheet?

With reference to the spreadsheet P1.T4a1_2 Asset VaR: I am confused about the calculation of relative and absolute VaR. Why is the initial value of 100 instead the expected future value of 100,73 is used to calculate the relative VaR? Why is the initial value multilied with -0,73% in the...

Hmmm...confused again... :confused: Could it be that the general rules mentioneed above are the other way round? e.g.: annual compounding i) n=1 yr forward rate r= {[P(x)/P(x+1)]^(1/1)-1} ii) n=2 yr forward rate r= {[P(x)/P(x+2)]^(1/2)-1} iIi) n=3 yr forward rate r= {[P(x)/P(x+3)]^(1/3)-1}...

Now I got it! Thanks for the prompt and detailled answer Shakti!

Actually, I am not sure if I got the calculating-shortcut concerning 13.1 and 13.4 with reference the square-root-issue with annual compounding right... Maybe I am already confused but could we deduce the following general rule: Can we assume that if it is about a one year period (e.g. F(3,4))...

Thanks Suzanne!

Thanks for the info! With regard to exam preparation and as the PQ of Miller includes PQ from former exams too: with questions additional to the Miller-specific ones (e.g. Stock&Watson, Gujarati, Rachev) would you recommend to practice?

Hi David, I appreciate the service of BT very much! Very useful exam prepartion support! Can you please tell me when the Practise Question for Miller Chapüters 4&5 will be available (or if they already are very I can find them)? Many thanks!