Evaluating Candidate Resources Provided by CFAI
This subject may have been brought up in prior posts, but I’m curious to know how candidates feel post-exam.
CFAI provides practice questions by topic in addition to two mock exams (covering a wide range of subjects). The system evaluates your performance using knowledge indicators (e.g., for the questions by subject, the candidate is rated as intermediate, proficient, advanced, etc., in addition to receiving a percentage score).
Did you find this to be a useful resource?
Obviously there will be variability within any population or sample, but should performance on the practice material largely reflect candidates’ command of the material and, therefore, necessarily predict exam pass/fail with statistical significance?
If no correlation between exists between performance on practice material and actual exam performance, could one be accused of reductionism for deeming the provided practice materials as useless?
Thanks in advance for your opinions.