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Hi @David Harper CFA FRM The is not much explanation on AIC and SIC. Kindly share resources for reference. Also, can we expect specific question on AIC and SIC calculation in 2020 curriculum ? Thanks (ref. page 22 topic 10) @Nicole Seaman added ref.

Hi @David Harper CFA FRM I am not able to understand below context. kindly help Updated by Nicole to note that this is regarding the study notes in T2 - Chapter 10 Stationary Time Series on page 13. As shown in the moving average process building equation above, the lagged shocks feed...

Hi David, Please help in understanding how we reached P values 30% for 1 Tail and 60% for 2 tail. step by step

Hi, I am not able to find video of bayes' rule under fundamentals of probability topic. however, it is there in study notes. Please help

This one i remember i did adverse selection between arranger and asset manager and that can be reduced/eliminated if arranger keeps some underlying loans on his balance sheet basically there should be arrangers skin in the game as well.

There was operation risk question something like this There is a company XYZ that has operations in Africa. There Africa location is hit by a cyclone. Under what name this cost will company put on its balance sheet? options were Insurance cost from initiation till cyclone hit The opportunity...

I feel what mapping question was asking is how can we map a currency forward rate agreement of 6*12 month and the correct answer is by using two forward rates of 6 months and 12 months other options were delta normal something , by incorporating convenience yield etc.

KMV, Merton model , credit metric etc.. Merton was answer as option said value of EL will not change under merton model even if equity price of comoany changes which is correct because to calculate EL we need to input PD and in case of merton model PD is vlooked from a table but in case of KMV...

This explanation is absolutely correct but i feel context is different. Here context is comparing alpha while choosing which fund to invest in as in we are outsider and we want to choose a fund, preferably hedge fund, where we can invest our money so we compare alpha of all the funds in that...

I think the correct thing to ask after part 2 exam is that Is there multiple options correct? Because i found that most of the questions I could filter out 2 options but had really tough time with remaining 2. And even not i am 99% sure that both option were correct.

Oops i didn't realise, it is related to other question where it asked us that what are the changes that has been done after 2008 crisis something like this. For that question this is the ans.

A Ans to this was that most of the products has been moved from BILATERAL OTC market to EXCHANGE TRADED.

For a company in distress subordinate bond behave like equity hence it increases Below reference is from notes.

Reagrding Alpha question peer alha is important beacsue question said that Fund manager wants to review other managers that comes below him it;s like yearly appraisal thing that happens in our companies yearly. So in that that manager need to compared performance of those manager moung...

For implied vol question i marked option C shown below because it was related to the situation where merger and acqusition that is yet to be finalised to this situation belong to the case where notes say "This concerns a situation where a large jump—either up or down—is anticipated. In such a...

Regarding learning from LTCM situation question, I feel 2 options were right ( not sure about exact wording but the overall meaning of options was this) 1st option was:- They should have done stress testing keeping in mind that there will flight to quality for government bonds. 2nd options...

Hi Sorry to hear about this. But as per GARP policy its clearly mention that "If alarm or any noise comes from phone then exam will be canceled". I don't mean to disrespect your feeling but I think if your phone is "switched off" then there is no such phone in his world which will ring due to...

Please don't embarrass me by apologizing. You are my mentor and you have full right to scold me

Yes yes.. I think you misunderstood my comment @David Harper CFA FRM My comment was more of like "OMG how I forgot not to check" rather than "Oh why you guys didn't tell me".:)

I hope these are not too big changes:(:eek:. OMG 3 days left and now i came to know this...