I notice that Logarithims come up a bit in the statistics portion of Quant. Methods. Does CFAI do this purely for theoretical understanding or do they actually give questions that test one’s knowledge of this topic? Anyone know how well versed in logs you should be for the exam (Level I)?? Like knowing the “E to the x” function on your calculator, etc.??? Thanks.
Continuous compounding is the only topic. I guess you just need to know converting annualized to continuous and continuous to annualized.
And lognormal distributions. But you don’t have to do any calculations with those.