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  1. kevolution

    Comparability - Practice Exam / Actual Exam

    I thought the practice exams were slightly to moderately easier than the most recent exam. A lot of it may have just been bias in repeated questions from year to year. I would say that the format and way they word the questions are pretty similar, so it is worth doing the practice exams from...
  2. kevolution

    FAQ After Exam Salary review after FRM

    Salary negotiations are always subject to skill, demand, company performance, and personal performance. FRM is just another tool that may help you get a salary increase but never a guarantee. I would say your current company would bump your salary (maybe 10%) slightly more than they normally...
  3. kevolution

    Access FRM Part 1 Exam Results after registration of Part 2?

    I can't seem to find a way to download the exam results after signing up for Part 2 on the GARP website. It seems like the area where you used to be able to download exam results and performance was replaced with Part II options like Defer Exam, etc...
  4. kevolution

    Exam Feedback November 2016 Part 1 Exam Feedback

    Sectional spread won't matter, as they grade it by the overall number of questions correct. It probably would have served to your advantage to answer those last 14 questions even if they were just pure random guesses (In fact, I put C on ~20 questions that I did not know the answer to or didn't...
  5. kevolution

    Exam Feedback November 2016 Part 1 Exam Feedback

    Passed! Thanks BT! Now onto part 2. Fwiw, I was seeing the changed message earlier that people were mentioning and also only saw part 2 books for registration. Was scared it was just a red herring but glad to know it wasn't. :)
  6. kevolution

    Errors Found in Study Materials P1.T3. Financial Markets & Products (OLD thread)

    There' s a typo in Tuckman Ch.20 Study Notes under the monthly interest payment calculation example. It should say $100,000 x 0.04/12 not 0.014/12.
  7. kevolution

    FAQ After Exam Quartiles and weights - Exam results

    I think what they're trying to say is that there's a lot of variability not only with weighted percentage of each section, but also within the range of tthe Quartiles. For example: Student 1: Q2, Q2, Q3, Q3 Student 2: Q2, Q2, Q3, Q3 Perhaps Student 1 passes and Student 2 fails even though...
  8. kevolution

    Whatsapp FRM Part 1 November 2016 Group

    I still haven't been added to the group. Is there someone who is doing the adding?
  9. kevolution

    Errors Found in Study Materials P1.T3. Financial Markets & Products (OLD thread)

    Not necessarily an error, but some feedback -- McDonald, Ch.6 Instructional Video there's a rather noticeable background noise in the video that sounds like a sprinkler system that makes it difficult to watch/listen to the video. Spot checking other videos (like the Hull ones), this noise isn't...
  10. kevolution

    EWMA formula

    The GARCH example in the same video, I seem to get a different answer than 1.43%... I get 0.0205% = .00798^2 + .00014082
  11. kevolution

    EWMA formula

    Thanks this makes sense.
  12. kevolution

    EWMA formula

    I noticed in the Ch. 23 Hull video, it shows the EWMA formula in both extended form and recursive form. On the recursive formula, sigma(n)^2 = lambda * sigma(n-1)^2 + (1 - lambda)*u(n-1)^2; however, the extended formula shows that the formula consists of (1-lambda)*lambda0*u(n-1)^2 +...
  13. kevolution

    Errors Found in Study Materials P1.T2. Quantitative Methods (OLD thread)

    Actually, I found my answer here: https://forum.bionicturtle.com/threads/p1-t2-222-homoskedasticity-only-f-statistic.5480/ I think it would definitely be helpful to include the reversal equation with R^2 in the Study Notes!
  14. kevolution

    Errors Found in Study Materials P1.T2. Quantitative Methods (OLD thread)

    Hi, As I was studying I noticed in the Stock & Watson Study Notes that you mentioned F-stat formula for homoskedastic to be ((SSRres - SSRunres) / q) / (SSRunres / n - kunres - 1) .. however in one of the problems on the Study Guide it mentions that we can use R^2 in place of SSR, but on the...
  15. kevolution

    Variance property question

    Ah that totally makes sense! Thanks Brian :)
  16. kevolution

    Variance property question

    In the study notes it mentions var(X-Y) = var(X) + var(Y). Is this a typo? Or is the RHS really suppose to be addition not subtraction. Thanks!
  17. kevolution

    Correlation vs Covariance

    Got it thanks. Makes it a lot more clear!
  18. kevolution

    Correlation vs Covariance

    Why is zero covariance imply zero correlation but not vice versa? If we go by the formula covariance(p,M) = correlation(p,M) * sigma(p) / sigma(M), wouldn't zero correlation mean zero covariance as well?
  19. kevolution

    Old AIMs

    I notice after going through some questions (i.e. Part 1 Interactive Quiz), that there may be old questions that show up every once in a while that relate to older AIMs. Should we take the time to study/learn these older AIMs if they aren't a major concept? Some examples of these older AIMs may...
  20. kevolution

    Whatsapp FRM Part 1 November 2016 Group

    Add me too! 1 832 640 8807
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