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    Exam Feedback November 2018 Part 2 Exam Feedback

    The list was still updating last time I checked, as my name didn't show up until late night.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    great finding Lisa, LOLS, a bug in the system that would surely be fixed in the next exam.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    I didn't get my status updated until later, and I wasn't going to reply until I get my status changed due to lagged update or official result .. lols
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Mine also has finally been updated ..
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Perhaps it's because it's so close, that ppl could almost imagine it, having an FRM attached to the name.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    If you guys are interested in a reading tea leaves, the Reminder section is probably the best clue: https://www.analystforum.com/forums/frm-forum/91355474 The reminder message changes from saying “You will need to pass the FRM Exam Part II by XXXX” to “Your enrollment will expire on XXXX”
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    Stress Test Covariance and Correlation Matrix

    Hi David, Thank you so much for your response. Yes, I agree with you assessment, I own all four books in the series from Carol Alexander, an excellent materials on Risk Management. She covered both stressing the Covariance Matrix based on historical period as well as stressing with some...
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    Stress Test Covariance and Correlation Matrix

    Hi David, regarding stressing the covariance matrix, have you ever come across where the stress is no from historical crisis period? For example, if we are looking more into parametric stress testing, ie. S&P 500 down (x) % and retrieve the covariance matrix of SP500 with other correlated...
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    Exam Feedback November 2018 Part 2 Exam Feedback

    How about to fill the void, let us list their favorite risk book (technical or non)? One of my all time fave: https://www.amazon.com/Against-Gods-Remarkable-Story-Risk/dp/0471295639
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    Exam Feedback November 2018 Part 2 Exam Feedback

    How about everyone in this forum passes? Dilly dilly .. ;)
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    Exam Feedback November 2018 Part 2 Exam Feedback

    The choice is not only Classification. The option A) Penalized Regression and Classification. I'm assuming, this is to be used in tandem, ie. one can use classification to decide if there's a default or not, than use the penalized regression to find the PD, which is what the question asked.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    In the past, David mentioned about the supposedly method GARP used to calculate the passing cutoff. See this link => https://www.bionicturtle.com/forum/threads/percentage-of-correct-answers-to-pass.7028/
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Unstructured data has nothing to do with being able to use Supervised vs Unsupervised learning. Emails for example is an unstructured data, so is an image, etc. and one can definitely apply supervised learning for these data types.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    The answer wouldn't be linear programming since, the option is "Linear Programming where transaction cost can't be incorporated explicitly", which is not true, unfortunately, which is my answer as well. Many answers required a very detail knowledge of the topic, as this was a tricky exam indeed.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Agreed, there were a few poorly written questionnaires, hopefully they would do the same as what the CFA does, which is to throw away these poorly written ones.
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    Exam Feedback November 2018 Part 2 Exam Feedback

    Pool insurance makes sense theoritically, until we saw how the monoliners handled the situation during the financial crisis was.
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    Backtesting VaR

    Take a look at GARP Market Risk book - page 50
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    Exam Feedback November 2017 Part 1 Exam Feedback

    Pass 1111. Thank you Bionic Turtle ... I have used BT, Schweser and GARP, but found that Schweser study prep is less representative to the actual test.
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    Exam Feedback November 2017 Part 1 Exam Feedback

    LOL .. it's definitely a glitch in the system as they are still updating the database. I also saw I pass, but then when I refresh just to make sure, it goes back to "Coming Soon"
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    Exam Feedback November 2017 Part 1 Exam Feedback

    I did the same, and the question did mention equal weight, that I missed during the first read.
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