If you guys are interested in a reading tea leaves, the Reminder section is probably the best clue:
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”
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...
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...
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.
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/
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.
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.