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Hi Liam (@Lmgroves1 ) Thank you. I've hosted this forum transparently for over a decade. If it were only a matter of my own violation, I would explain why. But I can't, and further, I can't explain why I can't explain why. It's not up to just me. You can consequently infer there are external...

@flyingpan no, we cannot do that (for reasons that I cannot explain, and I will explain as soon as we can, if we are able). Our progress on the updated draft notes is very good, so please be patient. When I compare our anticipated schedule to other EPP benchmarks, it appears will be among the...

@Evangelia_Mintzai2 I completely agree with you! I cannot take credit but for over three years, among our feedback to GARP (hardly the only focus of last years' memo, but included as an item; see my memo here) was that the stale case studies (aka, T1 Financial Disasters) needed to be updated. My...

Thanks @Sixcarbs ! I didn't refresh before posting

Hi @thanhtam92 please see https://forum.bionicturtle.com/threads/please-read-publishing-process-for-2020.22937/

Hi @Sag111194 Re: "Is there anyone who failed in their 1st attempt, but returned back in the next attempt strongly to pass?" It happens all the time, not just here, but everywhere! Can i offer two thoughts: I am lifelong fail-er, I have "failed" too many times to count (eg, lynda.com rejected...

Hi @jtankx90 If we were VaR mapping a forward rate agreement (FRA), then we would map only to a short and long risk-free spot interest rates (i.e, short and long T-bills) as primitives. However, the above refers to a forward currency contract; aka, foreign exchange (FX) forward contract...

Hi @Zhaina Very sorry for the result :( ... it sounds like you were very close. Please see my post here https://forum.bionicturtle.com/threads/quartiles-and-weights-exam-results.9883/post-45570 My XLS is hypothetical as the exam is not transparent, but just to illustrate how this is possible...

@jimmykaw they've been drafted and will publish soon, but please refer to https://forum.bionicturtle.com/threads/please-read-publishing-process-for-2020.22937/ as you can imagine, we have to actually perform the time-consuming work of creating the updates. Thanks,

Me and @Nicole Seaman were just discussing this. A date is a 24-hour window; a date-time is specific moment. I do not see where they've said anything like (eg) "no later than Jan 2nd 11:59 pm" or "no later than Jan 2nd 23:59" (my preference b/c i think it's very clear!) which, I think, is how...

@praveenraj See https://www.investopedia.com/retirement/calculating-present-and-future-value-of-annuities/ for both PV and FV formulas; i.e., The PV of the ordinary annuity (if the discount rate is 0.09) = C* [1-(1+i)^-n]/i = 1000*(1 - 1.09^-15)/0.09 = $8,060.7; i.e., less than FV =...

FYI, on reddit's FRM thread (which seems to have grown to become the second most active FRM forum, after ours), there was posted the following good question: As our updates have been giving me much time to reflect on this (ha!), I replied as follows: See source at

Hi @amanjain026 Nope, we don't give dates (too stressful and creates too many additional communication loops). Instead, at the links @Nicole Seaman shared above, we simply start to post the updated Notes in January. It starts in January then continues as-we-go. Nicole may add more tomorrow. Thanks,

Hi @frm_prep Yes, I agree with one difference: isn't your Z of 2.23 using the binomial variance rather than binomial standard deviation? Using the normal approximation (for the accurate binomial), I get (8-2.5)/sqrt(99%*1%*250) = 3.50, and would therefore reject also at the 2T 99.0% confidence...

Hi @AlexGab It depends whether you refer to Part 1 or Part 2. See https://forum.bionicturtle.com/threads/2019-2020-curriculum-change-analysis-spreadsheets.22938/ As far as I know at this point (I'm up to almost the end of T2 in Part 1 in terms of revisions), the Learning Objectives in Part 1...

@megan.holt please see https://forum.bionicturtle.com/threads/please-read-publishing-process-for-2020.22937/

Hi @[email protected] We're busy updating the 2020 materials (which includes the revised note for MR-2; ie., Dowd on HS approaches), so I don't want to currently distract by trying to write a "fresh essay" to your open-ended question: we'll have a note on this. The revised note will contains...

Hi @[email protected] Yes, I agree (@Nicole Seaman this refers not the study note but rather page 14 of the video PPT)), they are reversed in the video. Thank you. It should be as follows (as reflected in the notes):

Hi @praveenraj That's just an example; ie, a single simulation. If we roll a fair die 100 times, we expect 1/6*100 = 16.17, that is we expect about 16 or 17 of each. As a random variable, the fair die has an parametric (aka, analytical, theoretical) distribution that characterizes the...

HI @praveenraj Here is XLS with "unfair" coin that has probabilities 70/30%: https://www.dropbox.com/s/568wedbnq79rsy6/121719-unfair-coin-variance.xlsx?dl=0 The simple test is σ^2(Bernoulli) = p*(1-p), in this case, 70%*30% = 0.210.