Thanks a million for all your help over the last 9 months. I don't think that I would have ever surpassed the part 1 & 2 FRM challenges without your study material and continuous support.
Thank you again.
Not certain of passing,....leaving aside the bunch of questions that have not been discussed, .....it looks like I have goofed up on a number of questions which were discussed at this forum.
After having put in months of preparation, it hurts to have a discussion at the level of passing or failing.
I don't remember the exact question write up at this point in time.
Just 1 observation -
Credit risk distributions are definitely asymmetric and fat tailed and these features are alot more pronounced when we look at an operational risk distribution.
To that effect, if the question was phrased...
My approach to this question was more around eliminating the wrong answers and trying to zero in on the right one......to me, the points around bootstrap coming with more volatility in results etc etc,...were points that are relevant for the "basic HS". The bootstrap is essentially an exercise...
There was one question on factors that need to be considered while looking at quantile standard errors - I selected asymmetric confidence intervals
Another on facts pertaining to bootstrap, age weighted & volatility weighted HS - I selected age weighting being more responsive to losses,....data...