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  1. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    Agree 100%. @Nicole Seaman, you have been so helpful throughout the whole process. Thank you.
  2. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    I passed part 1 (1,1,1,1). Thanks again David and Nicole for your hard work and support.
  3. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    I wish they didn't announce it and just surprised us with the result. Why the unnecessary anticipation?
  4. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    Agreed. That's what I got. The only answer less than 8.5% was 3%, so I went with that and moved on.
  5. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    It's certainly not optimal. I left the question until last after realising it made no sense.
  6. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    I have written an email to GARP about this. I do think it's a good idea. You never know, getting this issue corrected might be the difference between passing and failing.
  7. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    I agree. Question 82. I kept getting 1.1%. The only answer where the conditional probability was less than the unconditional probability (which was 8.5%) was answer (A), 3%. So I went with that. I even tried annualising it to see if that was what they were going with. I reckon it might've been a...
  8. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    I think I meant to say the Augmented Dickey Fuller test, sorry. It's all a big blur now!
  9. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    The logistics of the exam in Melbourne were very good. My only two issues were the fact that the room was large and echoey, so difficult to hear the proctor, and that there was no clock. Relatively minor issues though.
  10. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    For those wondering, the questions on things like Jacque-Bera and Durbin Watson/unit root were of a qualitative nature. So if you roughly understood what those things are, the wrong answers were pretty easy to exclude. This was consistent with the learning outcomes.
  11. K

    Exam Feedback January 2021 Part 1 Exam Feedback (postponed 2020 exam)

    I agree with other people's assessment on this forum, that the exam involved trickier qualitative questions than the mocks, but that the quantitative questions were quite easy. I had no issues with time, and finished with an hour to spare. There were 5 questions I was very unsure about, a couple...
  12. K

    When to use standard error vs standard deviation in z and t-tests?

    @jdelasalas.frm check out this video: @shesnaps I'm going to suggest that you spend a month doing the Khan Academy (free) course on statistics and probability: https://www.khanacademy.org/math/statistics-probability I did this in the early part of my FRM part 1 preparation, and it really...
  13. K

    IMPORTANT GARP Announcement for those registering for Part 1 May and July exams

    Random question, but do you know if they provide more blank paper than usual for the CBT exams? (Since we cannot write next to the actual questions).
  14. K

    FRM Part 1 Examination preparation tips

    Two time saving tips I have discovered: 1. Remember than Jan 1st to July 1st is 181 days (182 in a leap year), and July 1st to Jan 1st is 184 days. Might save a bit of time in some fixed income questions. 2. When the interest rates are very low and the multiple choice answers are not tightly...
  15. K

    Pre-exam advice and tips

    I'm not sure if this is the right place for this tip, but remembering that there are 181 days from Jan 1st to July 1st (non leap year), and 184 days from July 1st to Jan 1st might save you a minute or two if there are a few fixed income questions with very common coupon dates.
  16. K

    T4.ch1.pg14: VaR trend with holding period

    @Jaskarn Think about it this way. μ is your arithmetic expected return. If it is 0.05, then on average you're making 5% per year. Think of this as steady income you make regardless of the volatility. So over time, this becomes a larger and larger buffer against very bad outcomes. Over a long...
  17. K

    IMPORTANT 2021 Exam Update from GARP (for 2020 postponed exam updates only)

    I am assuming it is taking place on January 16th. See you there!
  18. K

    New member needing guidance

    Peak suffering for me was working full time remotely (managing fixed income/FX portfolios), my wife teaching a (virtual) room full of high school students in the adjacent room, my six year old boy "home schooling" during lockdown, and my 3 year old running up and down the hallway climbing up...
  19. K

    New member needing guidance

    If you have a math degree, you will have no problem with any of the mathematics required in the FRM. Each FRM topic is not particularly difficult, rather the overall difficulty comes from the number of topics. Four topics, and 60 subcategories for part 1. Any experience in financial markets will...
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