cmfrtblynmb209
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Find the probability that the defaulted bond was rated C given that there was a default, then 1-p(C given D). You should have come up with the same answer, just took the long way home.
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Find the probability that the defaulted bond was rated C given that there was a default, then 1-p(C given D). You should have come up with the same answer, just took the long way home.
a.bologna295
Member
Hope so! thanks
I think it was the option A, can't remember the exact value, but you have to calculate the average mean and the variance for the portfolio, to get Sharpe ratio,
Hope it helps
gprisby
Active Member
I choose that answer as well because it couldn't be bootstrapping imo. It was a small sample and there was no historic data which were used again for new data. The other two answer doesn't make sense. But with this answer I am not sure and i couldn't fully remember the question
I remember putting bootstrapping for the answer. Others didn't make sense to me, can't remember the question though.
a.bologna295
Member
I put bootstrapping as well, when I saw "replacement" i thought it was the good answer
ESHWAR BHARADWAJ
New Member
Any predictions about the adequate number of correct responses required to clear the paper this time around ? I'm quite eager to know this.
cmfrtblynmb209
New Member
Somewhat agree. Thought it was extremely fair and not overly difficult if you knew the material and concepts well - not just memorized formulas. Personally, I think that this is how the test should be written since in practice you're never, for example, calculating N(d1) by hand. I felt it fairly and effectively tested deeper comprehension. I went extremely slowly, took a nice long break, and finished 15 seconds after they announced that you couldn't leave the room anymore.
Guess I should have taken a shorter break...
i think, that replacement = aka `control variates`
Very true, I thought of taking a break myself but I didn't for this very reason, I didn't want to stay the extra 30mins
gprisby
Active Member
Describe the bootstrapping method and its advantage over Monte Carlo simulation.
Bootstrapping is related to simulation, but with one crucial difference: with simulation, the data are constructed completely artificially whereas bootstrapping is used to obtain a description of the properties of empirical estimators by using the sample data points themselves, and it involves sampling repeatedly with replacement from the actual data.
Bootstrapping is related to simulation, but with one crucial difference: with simulation, the data are constructed completely artificially whereas bootstrapping is used to obtain a description of the properties of empirical estimators by using the sample data points themselves, and it involves sampling repeatedly with replacement from the actual data.
cmfrtblynmb209
New Member
I agree with you 100% that ESL candidates were likely disadvantaged by the nature of the questions. I'm not sure that makes it a bad or poorly written test, but I absolutely understand your frustration with it. I thought to myself several times during and after the test that being a native English speaker was likely a larger advantage on this test version than previous iterations based on the heavily qualitative nature.
Razi
Member
Comparing this thread to the similar ones for the previous years it seems that the paper was generally easier to tackle this year especially the quant section. Usually people comment how they were able to attempt only 70 questions and guessed the rest or that the time was short or they are bound to fail and still ended up passing. Unfortunately in an exam which is marked on the basis of relative performance of the candidates this is nothing to be happy about! Simply means the cutoff will be higher 
Felt the exam was gonna be really hard going in and came out surprised that it was very fair, almost like a wasted opportunity if I fail. Feeling confident about the math questions but feel like my downfall could be the theory questions although I made some good guesses.
good luck to all.
good luck to all.
I think you mean the question about the penalty factor. I thought it was answer B, the Aikaiki information criterium.
Even I marked B!
same here B. checked the book after and it is the correct answer.
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