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Remember a market in backwardation can experience both a strengthening or weakening of the basis, as can a market in contango. The terms backwardation and contango refer to the whether the cash price is above or below the futures price on an absolute basis, whereas the strengthening or...

@Deepak Chitnis that is the same adjusted R^2 formula that I always use to calculate it....so as far as I am concerned that formula is correct.

@Nicole Manley Many thanks for taking the time to get us replies to our questions, much appreciated. I must say, I am a little disappointed with GARP and their policies on some issues. I can accept that they want to refuse to allow watches to be worn, what with all the smart watches and...

As an aside, I also read on the GARP website that watches are not allowed in the exam room....while also reading On several forums that many, many test centres have no clocks in them!! How on earth are we supposed to keep track of time while sitting the exam and making sure we are on schedule...

With regard changing your answer on the exam, I heard the exam answer sheet uses a "carbon copy sheet" which prints your answer onto the sheet below meaning that you can not erase your answer even though it is in pencil. I have read online that the answer sheet contains an additional column for...

Got mine too...many thanks, much appreciated!!

Hi Nicole, Just FYI I have not yet received my Amazon voucher via email - could you let me know if it has been sent already? I have checked my junk folder too and nothing in there either. Many thanks

Hi Nicole, Thanks for the info. The email you have on file for me will be fine to send it to. Kind regards :)

Hi Nicole, That's very kind of you to select me, I wasn't even aware that you guys did this! If possible I would very much like to select the Amazon voucher...I'll put it towards a couple of finance books I've been looking to purchase. Do you need any further details from me?

All fixed now...thanks for your help!

Hi there, I keep seeing a "you are not authorised to reply/post in this thread" when I visits certain random threads....I've noticed it mainly in the threads corresponding to certain practice question PDFS links. Do you know why this may be and how I can fix this issue? Many thanks.

@arkabose no problem ;) happy to help!

Many thanks for the info - I appreciate it may be useful (for real life outside the FRM exam) to relearn the basic rules...if I have time I'll definitely revise the power rule as you suggest that may be decent bang for my buck.

My reasoning is as follows: When you say "If risk analysis and measurement can help us quantify unexpected losses, then wont they then turn into expected losses" - I think that would be generally true but unexpected losses by definition can not be quantified exactly - they can only be predicted...

I was just wondering if we would be required to differentiate/integrate equations in the FRM exam (particularly part 1). I vaguely remember the basics from my university days but that was 16 years ago and most of the rules have slipped from memory. I see it used in the BT practice questions...

I have come across some posts online that suggest the GARP practice exam questions may not be all that representative of the level of difficulty of the real exam questions - with the practice questions being seen as easier. Could anyone shed any light as to whether this is true or not? I am...

Ah right, no probs - thanks for the info. I'll have a search around, I'm sure I'll be able to find them :D

Thanks for that - I had actually seen that before but it only shows a download for the 2015 practice exams....was wondering where you had got the previous year's exams from.

Could you kindly provide the download link?