Actually, Level III is the most difficult!

[VWJETTY]

@Flashback

Hahaha…Good luck to everyone! At least one thing, no more studying for some period.

Yes, this is true. At least for a few months. And we get to enjoy (some) Summer.

[googs1484]

@pakwarrior

@Flashback

I would like construct probability of passing model as a function of dependent following variables:

• total number of studying hours
• total number of full mocks taken
• total number of AM taken with revision of each
• total rounds of TT taken
• total rounds of EOCs taken (official)
• with weight factors applied to each variable.

I bet y probability variable must be high.

Oh man, can I borrow your brain for tomorrow’s exam Flashback? please?

I see a lot of multicollinearity in there

[SHoot85]

There are simply 2 reasons that contribute to Level 3 being the toughest exam, in my opinion.

1. In Level 2, you are simply competing against a pool of candidates that got through the easiest CFA exam; in Level 3 you are competing against a group that got through a relatively difficult exam

2. Even if the material at Level 2 was more difficult to grasp (I do believe this to be true), whatever that margin of more difficulty is, pales in comparison to the additional difficulty of remembering concepts learned from thin air, ie. with no help/life-line of having the correct answer right below the question, disguised between 2 wrong answers.

In my opinion, there’s no getting around either of those 2 points - Level 3 is definitely a more difficult exam that requires a different level of preparation.