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hi @David Harper CFA FRM , Can you explain the 32.1? I thought that according to GARP the IR=active return/TE which in this case the active return is 10%-8% but the answer refers to IR=alpha/TE. Can you indicate which is the best definition for IR? Thanks

Ok, thanks for the links although it seems that those refer to the relationship between the BT questions and the GARP's material and I was only providing feedback in terms of the alignment between the BT questions and the BT study notes. Also those links refer to complains of other users which...

Hi @David Harper CFA FRM, About the questions organization, sometimes questions do not seem to be entirely aligned with the content of the study notes (SN). For example, the PQ (ex. expected price) of T3.C10 refer to the SN T3.C11 or questions in PQ T3.C8 to the video T3.C11 (basis variance). I...

Thanks for your reply @David Harper CFA FRM. Indeed, the question is confusing. As you said, the t-statistic is already standardized so it should be unaffected. Yet, it is weird to scale by 12 the SE. Thanks also for sharing the explanation and link of multiplying by SQRT(T) when annualizing. It...

I accidentally posted when I refreshed the tab... I tried to erase it but I could not find the option to delete it.

hi @David Harper CFA FRM , Can you explain the answer to the question 8.8 from GARP20-P1-book2? I thought that when scaling, the a has to be multiplied by 12 but the SE by squareroot of 12. So I don't understand why the t-stat is unaffected. Q:The models were estimated on monthly returns. What...

Hi @Nicole Seaman , When studying the notes, I cannot easily find the spreadsheet related to them. For example, in the B2.C4 I found the spreadsheet in the B2.C2... so it takes me long to find the spreadsheets referred in the notes since sometimes it's only mentioned " available in the learning...