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    Error in Miller's illustration of leptokurtosis

    Are you referring to picture that shows Student's t probability density functions with different degrees of freedom (k)? (my book is 2013 edition) I think that in order to see the peakedness you should compare two distributions with the same variance. Variance of the student's t distribution for...
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    What are the axes on the longnormal plot corresponding to the Volatility Smile?

    I think the two plots are probability distribution for the underlying asset price at the option expiration date. x axis is asset price y axis is probability density function
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    2014 FRM Publishing Calendar

    Hello, I have just started Part 2 reading with Tuckman: Science of term Structure (as suggseted by GARP weekly reading) and I really hope the rest of reading material doesn't get more difficult than this. I would appreciate if you could provide 2014 P2 Focus review - not videos, just a short...
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    Geometric Return & Reference currency

    Hi, according to Dowd Chapter 3: if we are dealing with foreign currency positions, geometric returns will give us results that are independent of the reference currency. Could anyone please explain this? thx
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    FRM Part I November 2013 results released

    Passed with 1,1,1,1 I am very happy with the results and really surprised with my overall performance! I prepared for the FRM using Bionic study notes and practice questions (and FRM assigned readings as well). Found exam quite difficult: I left the exam site quite exhausted, and thought my...
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    P1.T2.319. Probabilities (Topic Review)

    319.2 Joint Prob (X = 3, Y = 2) = 18.0%
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    New Product Price Scheme & Discount Code

    Hi, is Republic of Croatia included in the international discount option?
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