bayes

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    FRM 1 - Chapter 1 - Book 2 (Quantitative Analysis)

    Hi all, will we be expected to answer many state Bayesian problems in the FRM part 1 exam? Example: Suppose 3 types of managers: underperformers beat mkt 25% of the time. In-line performers beat mkt 50% of the time. Outperformers beat mkt 75% of the time. Prior belief is that manager has 60%...
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