The question 60.2 is asking for type 1 error and 60.3 is asking for type 2 error but the formula(excel function) is the same. I'm confused, are they the same?
Ankur - my example is more tedious than you would see on the exam, apologies. At most, you'd accumulate ~ 2 or 3 PMFs to get the CDF (but, no, i don't think there is a shortcut), thanks
Thank you so much David!Hi @gitusrini Yes, on the exam you would need to add them up. That's why my question is more a bit more tedious (sorry!) than you would actually encounter. See https://forum.bionicturtle.com/threads/l2-t5-60-basel-ima-backtest-jorion.3610/post-17011 ie..,