What's new

Preparing for part 1- QA is a roller coaster

Sixcarbs

Active Member
Subscriber
Thread starter #1
I don't see a General Discussion area so I will put this here.

Unfortunately I never took statistics in college, so all of this is new to me. I am using the GARP books and BT.

I was struggling with it until Bayes theorem, then things seemed to click a little better. I found Stock and Watson much more readable and digestable than the earlier Miller readings. But now I have just read the Diebold chapters and the latter two Diebold may as well have been in another language.

The first two Diebold, types of trends and seasonality stuff. Fine. But Covariance Stationary, White Noise, Wold's theorem etc. It's all abstract. Also the notation is poor. For lag is shifts from Ly to L(y) on the next line. Which is it? Some of the other greek letters just seem to appear out of nowhere. But both chapters just seem to be one rule or feature after another with no clear purpose.

I'm going to take my first crack at the questions for the last two Diebold chapters now, hopefully it will come into focus.

I was hoping to complete QA this weekend and dive into Financial Markets and Products on Monday. Most of that material I have worked with before in real life or for other exams.
 
Last edited:

Sixcarbs

Active Member
Subscriber
Thread starter #2
Well I went through the PQ's, not good, re-read the study notes, watched the video again, answered the PQ's again, and then looked at the forum sections for each of the PQ sections.

Diebold 7 and 8 are still almost a guessing game to me. Not a lot of comments in the PQ forums.

I am going to move forward and come back to this if I have time. Hopefully future sections are not dependent on these topics. I realize they are fair game for the exam but I can't imagine more than one question on them???

Hull: Volatility here I come.
 

Sixcarbs

Active Member
Subscriber
Thread starter #4
Unfortunately, you're screwed. It's all about statistics and same on Part 2.
Wow, thanks for the words of encouragement!

I said I felt that Diebold 7 and 8 were poorly written and presented, not that the subject matter was beyond my aptitude. I'm doing just fine with the other areas of statistics.

I have a BS in Nuclear Engineering from UC Berkeley. Got it in the standard 4 years. If I could do that, I am sure I can handle this. We'll see.
 

Nicole Seaman

Chief Admin Officer
Staff member
Subscriber
#6
Let's please keep all comments in the forum encouraging, especially if you are a member who has already passed the exam. We all know how stressful and overwhelming the FRM content is so encouragement goes a lot further than discouraging someone or telling them that they "are screwed".:eek: @Sixcarbs MANY people have passed the FRM exam with no previous knowledge of statistics. It all depends on how hard you work to learn the concepts. You are certainly not screwed and I have complete faith that you are capable of passing the exam (especially with how much time you spend in the forum making sure you understand the concepts). We are here for you throughout your studies and will cheer you on the entire time :)
 

Sixcarbs

Active Member
Subscriber
Thread starter #7
Let's please keep all comments in the forum encouraging, especially if you are a member who has already passed the exam. We all know how stressful and overwhelming the FRM content is so encouragement goes a lot further than discouraging someone or telling them that they "are screwed".:eek: @Sixcarbs MANY people have passed the FRM exam with no previous knowledge of statistics. It all depends on how hard you work to learn the concepts. You are certainly not screwed and I have complete faith that you are capable of passing the exam (especially with how much time you spend in the forum making sure you understand the concepts). We are here for you throughout your studies and will cheer you on the entire time :)
Thank you Nicole. I appreciate the kind words.
 
#8
Well I went through the PQ's, not good, re-read the study notes, watched the video again, answered the PQ's again, and then looked at the forum sections for each of the PQ sections.

Diebold 7 and 8 are still almost a guessing game to me. Not a lot of comments in the PQ forums.

I am going to move forward and come back to this if I have time. Hopefully future sections are not dependent on these topics. I realize they are fair game for the exam but I can't imagine more than one question on them???

Hull: Volatility here I come.
Don't Worry @Sixcarbs .. I didn't have any background of maths or statistics, still managed to clear L1 & got 1st quartile in Quant. Just keep solving, reading concepts. BT is the best material available out there to learn & grasp the concepts.

Go all out. Not a lot of time left for the exam. So try & divert all your free time to prepping for the exam now. Just about 2 months left.

Best Wishes.
 
Top