1) Looking at the first Stock & Watson example (Pg 84) , why did we use 1.972 instead of 1.96 as the z value?
The 1.972 is the exact number assuming a t distribution (in excel, it is =TINV(0.05,n-1) which is =TINV(0.05,199))
It really doesn't matter if you use t or z when dealing with n=200. If...
I don't know much about sql, regrettably. That being said, I have seen SQL Server Management Studio most often. However, SQL is SQL is it not? So, if you can program in one application, you should be able to do in others, more or less. Additionally, you can utilize SQL syntax in proc SQL in...
I would also like to add the following:
IT IS UP TO US TO PROMOTE THE FRM!!!! @Mkaim is exactly right! Indeed, I think I will start saying, "Oh, That's much better!" whenever someone asks me to compare the FRM to the CFA!
I would prefer to wait for David to respond to see if an anonymous survey could be generated....if not, I would be happy to share my salary range.
Brian
I was thinking that compensation information would be valuable information to know for folks. Obviously, the amounts will differ by location, experience level, degrees earned, etc., but I still think that this information could be very valuable for BT members.
@David Harper CFA FRM - have you...
@Nicole Manley - hope you don't mind me suggesting the following - this entire thread is a bit redundant - it could probably be moved to the other thread,
https://forum.bionicturtle.com/threads/may-2016-part-2-exam-feedback.9610/page-20
I don't believe there is a "formula" per se. If I remember correctly, David provides an example in the corresponding spreadsheet, the results of which are included in the study notes. The approach is described therein.
You can use excel or you can use a financial calculator. This would not be an issue for the exam and I would caution you (@desh) on getting too caught up on something this minor. The test will provide the D1 or the N(d1) values if there is a BSM question that requires it, or, they would...
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