Quant Question

CFA Level I
#1

Does any one remeber the quant question - buy, hold , sell- Nominal/ ratio/ ordinal/ Internal scale??? Can someone help me with the answer? Thanks SVC

#2

nominal or ratio

#3

hm!!! Got this too wrong. I already have about 50 mistakes on my list :frowning:

#4

Why not Ordinal? that buy/sell/hold thing doesnt have a rank!

#5

I answered it as ordinal… Don’t know if it is correct though… also, which type of order is least likely to be executed - market/ Limit/ Stop buy/ stop loss?

#6

To my understanding it should be nominal because the name “buy/sell/hold” makes sense.

#7

I answered Ordinal, considering the categorization is based on grouping and not ranking…

#8

market/ limit/ stop buy are all buy orders, stop loss is a sell order… (sell before price has gone too low and hence limits the loss).

#9

i think its ordinal. there is an order, but no degree of magnitude.

#10

I agree… I answered Ordinal for the same logic…

#11

buy is better than hold or sell, but you cannot say that buy is twice as good as sell.

#12

Ordinal was my answer too. I always used to apply the Temperature example for interval and money example for ratio to see where the present one fits.

#13

me too…i think the CFAi text had an example of it at the end of chapter practice questions…can anyone confirm its ordinal?

#14

Definitely ordinal

#15

ordinal

#16

i chose ordinal

#17

ordinal… Ratio – money Interval — Temperature Ordinal — categorizes in some order/ preference Nominan just horrible hahaah

#18

Its Ordinal for sure and I am sure I am right.

#19

i chose ordinal but im thinking its nominal because buy isnt “better” than hold. its just different

#20

Nominal…there’s no ordering to those choices.