Errata (eg, FRM Handbook) or Key Exam Issue

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  1. smk

    FRM Handbook difference 5th ed. vs 6th ed.

    SMK, I don't use the CDs, so i can't say (sorry). I can say i perceive high overlap/redundancy between the printed questions inside the handbook. Thanks, David
    SMK, I don't use the CDs, so i can't say (sorry). I can say i perceive high overlap/redundancy between the printed questions inside the handbook. Thanks, David
    SMK, I don't use the CDs, so i can't say (sorry). I can say i perceive high overlap/redundancy between the printed questions inside the handbook. Thanks, David
    SMK, I don't use the CDs, so i can't say (sorry). I can say i perceive high overlap/redundancy between the printed questions inside the handbook. Thanks, David
    Replies:
    1
    Views:
    54
  2. teetaz

    L1 Formulars

    Hi teetaz and trabala: I am revising this plan slightly: I am going to finish this over the weekend, so it will be available by Monday morning (instead of Friday), thanks for your patience. David
    Hi teetaz and trabala: I am revising this plan slightly: I am going to finish this over the weekend, so it will be available by Monday morning (instead of Friday), thanks for your patience. David
    Hi teetaz and trabala: I am revising this plan slightly: I am going to finish this over the weekend, so it will be available by Monday morning (instead of Friday), thanks for your patience. David
    Hi teetaz and trabala: I am revising this plan slightly: I am going to finish this over the weekend, so it will be available by Monday morning (instead of Friday), thanks for your patience. David
    Replies:
    4
    Views:
    145
  3. dadalee1102

    Questions about the Standard error of standard deviation or variance

    Hi hsintalee, I don't have the derivation (i don't think it is a trivial jump from Jorion's 3.7), and I can't provide an explanation myself, but he's correct: his expression (with 1/2T) is the specific case of the more general SE given in my Statistics text. As you've noted, it is not the standard deviation of the sample mean, here, but rather the standard deviation (standard error) of the...
    Hi hsintalee, I don't have the derivation (i don't think it is a trivial jump from Jorion's 3.7), and I can't provide an explanation myself, but he's correct: his expression (with 1/2T) is the specific case of the more general SE given in my Statistics text. As you've noted, it is not the standard deviation of the sample mean, here, but rather the standard deviation (standard error) of the...
    Hi hsintalee, I don't have the derivation (i don't think it is a trivial jump from Jorion's 3.7), and I can't provide an explanation myself, but he's correct: his expression (with 1/2T) is the specific case of the more general SE given in my Statistics text. As you've noted, it is not the...
    Hi hsintalee, I don't have the derivation (i don't think it is a trivial jump from Jorion's 3.7), and I can't provide an explanation myself, but he's correct: his expression (with 1/2T) is the...
    Replies:
    1
    Views:
    23
  4. ebb

    GARP.Exam.Issue Continuous vs Non-continuous and Rounding issues?

    In several areas, the FRM goes "deeper" with respect to calculations and formulas. Calibrating along the lines of CFA, in general (in my opinion) would under-prepare you for the FRM. You simply need to know many more formulas, with a notch more detail, than the CFA. On the other hand, the AIMs have a tendency to overstate the literal requirements (eg., if you look at all the "calculate" verbs,...
    In several areas, the FRM goes "deeper" with respect to calculations and formulas. Calibrating along the lines of CFA, in general (in my opinion) would under-prepare you for the FRM. You simply need to know many more formulas, with a notch more detail, than the CFA. On the other hand, the AIMs have a tendency to overstate the literal requirements (eg., if you look at all the "calculate" verbs,...
    In several areas, the FRM goes "deeper" with respect to calculations and formulas. Calibrating along the lines of CFA, in general (in my opinion) would under-prepare you for the FRM. You simply need to know many more formulas, with a notch more detail, than the CFA. On the other hand, the AIMs...
    In several areas, the FRM goes "deeper" with respect to calculations and formulas. Calibrating along the lines of CFA, in general (in my opinion) would under-prepare you for the FRM. You simply...
    Replies:
    3
    Views:
    660
  5. Tplbch@hotmail.com

    Updated FRM AIMS - Summer 2011

    http://www.bionicturtle.com/how-to/note/2011-study-guide-aim-statements-level-2-access/
    http://www.bionicturtle.com/how-to/note/2011-study-guide-aim-statements-level-2-access/
    http://www.bionicturtle.com/how-to/note/2011-study-guide-aim-statements-level-2-access/
    http://www.bionicturtle.com/how-to/note/2011-study-guide-aim-statements-level-2-access/
    Replies:
    1
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    16
  6. David Harper CFA FRM

    2011 Video Quantitative Analysis 2.c., page 31 (relationship between exponential & Poisson)

    As correctly observed by Trabala38 (see http://www.bionicturtle.com/forum/viewthread/5108/), the calculated results are incorrect in the video, and should read as follows: For H=1hour and lambda=0.25 (like stated in the example): = P (Y H) = Exp(-0.25*1) = 77.9% (instead of 60.7% stated on the slide) = P (Y H) = 1- Exp(-0.25*1) = 22.1% (instead of 39.3% stated on the slide) For...
    As correctly observed by Trabala38 (see http://www.bionicturtle.com/forum/viewthread/5108/), the calculated results are incorrect in the video, and should read as follows: For H=1hour and lambda=0.25 (like stated in the example): = P (Y H) = Exp(-0.25*1) = 77.9% (instead of 60.7% stated on the slide) = P (Y H) = 1- Exp(-0.25*1) = 22.1% (instead of 39.3% stated on the slide) For...
    As correctly observed by Trabala38 (see http://www.bionicturtle.com/forum/viewthread/5108/), the calculated results are incorrect in the video, and should read as follows: For H=1hour and lambda=0.25 (like stated in the example): = P (Y H) = Exp(-0.25*1) = 77.9% (instead of 60.7% stated on...
    As correctly observed by Trabala38 (see http://www.bionicturtle.com/forum/viewthread/5108/), the calculated results are incorrect in the video, and should read as follows: For H=1hour and...
    Replies:
    0
    Views:
    167
  7. hsurti08@gmail.com

    2011 FRM Level 1 Practice Exam 1, Question 21

    Hi Sparty, apologies that is missed your follow-on (oops; I was just going thru threads to make sure i am caught up!) I do see your point about this question. To me, it is made more difficult by the fact that the "correct" answer is the "incorrect" statement such that (c) is the correct answer because it incorrectly includes the 75.73% probability of staying ("stationary"). The question,...
    Hi Sparty, apologies that is missed your follow-on (oops; I was just going thru threads to make sure i am caught up!) I do see your point about this question. To me, it is made more difficult by the fact that the "correct" answer is the "incorrect" statement such that (c) is the correct answer because it incorrectly includes the 75.73% probability of staying ("stationary"). The question,...
    Hi Sparty, apologies that is missed your follow-on (oops; I was just going thru threads to make sure i am caught up!) I do see your point about this question. To me, it is made more difficult by the fact that the "correct" answer is the "incorrect" statement such that (c) is the correct...
    Hi Sparty, apologies that is missed your follow-on (oops; I was just going thru threads to make sure i am caught up!) I do see your point about this question. To me, it is made more...
    Replies:
    3
    Views:
    111
  8. RomanS

    2010 GARP Practice Exam L2 Q27 - Merton Model & PD

    Hi David, sounds like a behind the scenes report :) I think your point is correct and well directed. What bothers me the most, is that GARP doesn't update and correct previous Practice Exams. This is a clear lack of quality and service in the end. That a new practice exam doesn't fullfill the expectations and to which degree is another (also worthwhile discussion). But hey, as you said it...
    Hi David, sounds like a behind the scenes report :) I think your point is correct and well directed. What bothers me the most, is that GARP doesn't update and correct previous Practice Exams. This is a clear lack of quality and service in the end. That a new practice exam doesn't fullfill the expectations and to which degree is another (also worthwhile discussion). But hey, as you said it...
    Hi David, sounds like a behind the scenes report :) I think your point is correct and well directed. What bothers me the most, is that GARP doesn't update and correct previous Practice Exams. This is a clear lack of quality and service in the end. That a new practice exam doesn't fullfill the...
    Hi David, sounds like a behind the scenes report :) I think your point is correct and well directed. What bothers me the most, is that GARP doesn't update and correct previous Practice Exams. ...
    Replies:
    5
    Views:
    72
  9. RomanS

    2010 GARP Practice Exam L2 Q11 EDF, EL & UL

    Hi Alan, Great thanks. Does GARP keep record of or update its materials with resepct to errata? To me it appeared they only collect stuff for the currently most up to date materials and drop it as soon as new materials are released... Best Roman
    Hi Alan, Great thanks. Does GARP keep record of or update its materials with resepct to errata? To me it appeared they only collect stuff for the currently most up to date materials and drop it as soon as new materials are released... Best Roman
    Hi Alan, Great thanks. Does GARP keep record of or update its materials with resepct to errata? To me it appeared they only collect stuff for the currently most up to date materials and drop it as soon as new materials are released... Best Roman
    Hi Alan, Great thanks. Does GARP keep record of or update its materials with resepct to errata? To me it appeared they only collect stuff for the currently most up to date materials and drop it...
    Replies:
    2
    Views:
    53
  10. rob.sanchis@gmail.com

    2011 Level 1 Practice exam 2. Q.24.page64 VaR adjusting

    You are right... the answer should be 422 M. They made a mistake. Alan
    You are right... the answer should be 422 M. They made a mistake. Alan
    You are right... the answer should be 422 M. They made a mistake. Alan
    You are right... the answer should be 422 M. They made a mistake. Alan
    Replies:
    1
    Views:
    52
  11. Suzanne Evans

    EXAMPLE 17.4: RISKS IN FIXED-INCOME ARBITRAGE

    David, I'm bit puzzled with the answer here. According to the answer the swap spread cannot go below zero (as the TSY has less credit risk), but over the last couple of year we've seen several times the swap spread (usually for the long dated maturities) goes negative. Can you please clarify the answer? Thanks Harel/
    David, I'm bit puzzled with the answer here. According to the answer the swap spread cannot go below zero (as the TSY has less credit risk), but over the last couple of year we've seen several times the swap spread (usually for the long dated maturities) goes negative. Can you please clarify the answer? Thanks Harel/
    David, I'm bit puzzled with the answer here. According to the answer the swap spread cannot go below zero (as the TSY has less credit risk), but over the last couple of year we've seen several times the swap spread (usually for the long dated maturities) goes negative. Can you please clarify...
    David, I'm bit puzzled with the answer here. According to the answer the swap spread cannot go below zero (as the TSY has less credit risk), but over the last couple of year we've seen several...
    Replies:
    1
    Views:
    19
  12. RomanS

    2011 GARP Practice Exam L2 E1 Q11 & L2 E2 Q12

    David, My pleasure to contribute and give back just a little. Best Roman
    David, My pleasure to contribute and give back just a little. Best Roman
    David, My pleasure to contribute and give back just a little. Best Roman
    David, My pleasure to contribute and give back just a little. Best Roman
    Replies:
    2
    Views:
    46
  13. fpontra

    2011 Practice Exam

    Because they rushed it out (it should refer to S&W). However, in my opinion, it is of no practical significance as the 2011 T2.econometric AIMs are identical (with 2 or 3 exceptions which frankly won't manifest on the exam) to 2010 T2.econometric AIMS. The Stock & Watson is a subset of Gujarati and a 95%+ topical (testable) overlap. This is the reason I did not restart my daily...
    Because they rushed it out (it should refer to S&W). However, in my opinion, it is of no practical significance as the 2011 T2.econometric AIMs are identical (with 2 or 3 exceptions which frankly won't manifest on the exam) to 2010 T2.econometric AIMS. The Stock & Watson is a subset of Gujarati and a 95%+ topical (testable) overlap. This is the reason I did not restart my daily...
    Because they rushed it out (it should refer to S&W). However, in my opinion, it is of no practical significance as the 2011 T2.econometric AIMs are identical (with 2 or 3 exceptions which frankly won't manifest on the exam) to 2010 T2.econometric AIMS. The Stock & Watson is a subset of...
    Because they rushed it out (it should refer to S&W). However, in my opinion, it is of no practical significance as the 2011 T2.econometric AIMs are identical (with 2 or 3 exceptions which...
    Replies:
    1
    Views:
    74
  14. yzjqc@foxmail.com

    2011PracticeExamL1,E2,#17.I always confused with questions like this ,awaiting your response

    yzjqc, Do you have the solution manual of Hull's exercise? I went through the exercises which David did not cover, and some of them I could not solve. Will be grt if you hv the solution manual since i lost the disc. tnx in adv, Alan .(JavaScript must be enabled to view this email address)
    yzjqc, Do you have the solution manual of Hull's exercise? I went through the exercises which David did not cover, and some of them I could not solve. Will be grt if you hv the solution manual since i lost the disc. tnx in adv, Alan .(JavaScript must be enabled to view this email address)
    yzjqc, Do you have the solution manual of Hull's exercise? I went through the exercises which David did not cover, and some of them I could not solve. Will be grt if you hv the solution manual since i lost the disc. tnx in adv, Alan .(JavaScript must be enabled to view this email address)
    yzjqc, Do you have the solution manual of Hull's exercise? I went through the exercises which David did not cover, and some of them I could not solve. Will be grt if you hv the solution...
    Replies:
    6
    Views:
    103
  15. yzjqc@foxmail.com

    2010 Practice Exam /partI page 44 question 25,pleast ,I need your help.

    yzjqc: glad to help where we can, thanks! David
    yzjqc: glad to help where we can, thanks! David
    yzjqc: glad to help where we can, thanks! David
    yzjqc: glad to help where we can, thanks! David
    Replies:
    5
    Views:
    66
  16. yzjqc@foxmail.com

    frm handbook 6ed p476.EXAMPLE20.4,I could not understand this question?need your help

    Hi yzjqc, Ba3 is equivalent to BB- (Ba2 = BB). See http://en.wikipedia.org/wiki/Credit_rating Thanks, David David: I get it. thank you david.
    Hi yzjqc, Ba3 is equivalent to BB- (Ba2 = BB). See http://en.wikipedia.org/wiki/Credit_rating Thanks, David David: I get it. thank you david.
    Hi yzjqc, Ba3 is equivalent to BB- (Ba2 = BB). See http://en.wikipedia.org/wiki/Credit_rating Thanks, David David: I get it. thank you david.
    Hi yzjqc, Ba3 is equivalent to BB- (Ba2 = BB). See http://en.wikipedia.org/wiki/Credit_rating Thanks, David David: I get it. thank you david.
    Replies:
    2
    Views:
    49
  17. najwa.akesmamed@hec.ca

    2011 Practice Exam - Part I - Question 5

    Thank you very much Alan !! It's clear now :) Good luck with your exam! Najwa
    Thank you very much Alan !! It's clear now :) Good luck with your exam! Najwa
    Thank you very much Alan !! It's clear now :) Good luck with your exam! Najwa
    Thank you very much Alan !! It's clear now :) Good luck with your exam! Najwa
    Replies:
    2
    Views:
    56
  18. sarita

    Garp practice exam 1, # 6

    HI David, Would you kindly elaborate on the formulare that is used in this question? In the covarience matrix, the diagnal line is the varience? There is a similar question in exam 2, that is easier than this. Would appreciate your help. tx. s _____________________________________________________________________________ Saray, You are right. the diagonals are variance....
    HI David, Would you kindly elaborate on the formulare that is used in this question? In the covarience matrix, the diagnal line is the varience? There is a similar question in exam 2, that is easier than this. Would appreciate your help. tx. s _____________________________________________________________________________ Saray, You are right. the diagonals are variance....
    HI David, Would you kindly elaborate on the formulare that is used in this question? In the covarience matrix, the diagnal line is the varience? There is a similar question in exam 2, that is easier than this. Would appreciate your help. tx. s ...
    HI David, Would you kindly elaborate on the formulare that is used in this question? In the covarience matrix, the diagnal line is the varience? There is a similar question in exam 2, that...
    Replies:
    1
    Views:
    44
  19. yzjqc@foxmail.com

    FRM hand book 6ed.PAGE237,EXAMPLE10.4,arethere problems in this question?

    You're not wrong - there's a typo in Jorion's version of the question. See the 2011 Practice Exam Part 1 Q15 thx a lot
    You're not wrong - there's a typo in Jorion's version of the question. See the 2011 Practice Exam Part 1 Q15 thx a lot
    You're not wrong - there's a typo in Jorion's version of the question. See the 2011 Practice Exam Part 1 Q15 thx a lot
    You're not wrong - there's a typo in Jorion's version of the question. See the 2011 Practice Exam Part 1 Q15 thx a lot
    Replies:
    2
    Views:
    54
  20. alexjr

    2011 Practice Part I Exam 1 #17 (simple question)

    Got it. thanks a lot. in part 2 question 19 resembles the pattern.
    Got it. thanks a lot. in part 2 question 19 resembles the pattern.
    Got it. thanks a lot. in part 2 question 19 resembles the pattern.
    Got it. thanks a lot. in part 2 question 19 resembles the pattern.
    Replies:
    2
    Views:
    61

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