@malkadhi
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Up5
Oh and Dylan’s remastered basement tapes are out! So when I’m also looking forward to enjoying the 6-cd set in all their glory.
Up5June 2016 for me. My job is in risk, so it’s more relevant to get the FRM out of the way and they only require 2 years work experience, while the CFA requires 4 years. So it’s best to focus on the FRM in May and November of this year, Level 2 during the summer of 2016, and Level 3 during the following summer. It’s going to be tough, maintaining a job, grad school aspirations, but it’s all worth it. By the beginning of 2018, I want to be done with the CFA, grad school, FRM, and the relevant work experience.
Congrats to all those who passed. I still can’t believe I passed, I really thought I tanked it, it felt awesome and good boost of confidence to keep going at it.
Up4I feel studying shouldn’t come at the expense of some proper sleep. I work a pretty hectic job, and still manage to get some study time. I can attribute this to making sure I get 6-7 hours of sleep, a well-balanced diet that I cook in advance and portion through-out the week. With that said, I do smoke and it does some to help with concentration.
Good luck!
Up4Ah crap, reading critically is key!!
Up4I wish I had more time to do reading more applicable to the nature of my job. I’ll probably treat myself to a night on the town when I take the exam in Dubai.
Up4We only use 1 significance level, so there’s only 1 alpha, which is the probability of a type 1 error. The bigger the alpha is, the bigger is our rejection region, which leads to a greater probability of a type 1 error, which is rejecting the null hypothesis, when it’s actually true. Mind you, we can test at difference significance levels, i.e 5% or 1%, so what falls between the region of 5% and 1% would mean a rejection of the null at the 5% level, and a failure to reject at the 1% level. But we’re often supplied with one significance level, so that’s a way to have the concept stick.
Type 1 error, corresponds with 1 significance level. Alpha has a positive relationship with type 1, and an inverse relationship with type II.
Up3@Pranav I think the neat thing about Python (which is a programming language btw, just categorized as high level as oppossed to Java with uses machine language) is how well it works with other languages, and the huge community that’s behind it. Just take a look at panda, which is a library for Python that’s specific to data analysis. I think what’s important about programming and its relation to quants, is that it gives you the ability to think outside the box in terms of problem solving.
Up3A guy left the test centre I was in without permission. The proctors gave him a stern talking to, I don’t know if he was allowed to sit for the rest of the exam.
Up2What are the other options? Sometimes you have to go with an answer that’s not really explicit, where the other selections have something that’s wrong, and you’re left with a choice that’s not really all that obvious but it’s the best out of the rest.
Up1I reckon that makes sense. It’s more about knowing the appropriate tools to use, instead of having you jump through needless hoops. Thanks Paul
Up1On the TI, you should input the respective cash flows and their frequencies if they’re recurring. Click the NPV button, put in the cost of capital, then move down one and press CPT for the answer. It also calculates the payback duration, and the discounted payback duration. If the cash flows don’t vary, you can solve NPV problems like a regular annuity.
For IRR, it’s simply clicking the IRR button after inputting the relevant flows.
Goodluck, and double check with what I wrote because I could be wrong.
Up0Thanks! Completely spaced out on that one.
Up0Eh there’s always next summer. I started studying 19th of September, guess it was a learning experience.
