what a great idea FinNinja, will attempt
JoeyDVivre Wrote: ------------------------------------------------------- > thommo77 Wrote: > -------------------------------------------------- > ----- > > If you want to be a financial analyst, you need > to > > know regression analysis. > > I’m not sure that’s right. I know regression > analysis really well (Ph.D. - Stats) but I’ve only > used it a handful of times as a financial analyst. > It was much more useful working for EPA, the > Army, the Navy, and other places. So what other approaches can we take to test whether a financial theory is based on reality or imagination when we don’t use regression?
In general, were the questions more conceptual or more computative? I recall that L1 placed a lot of emphasis on understanding the concepts. iteracom Wrote: ------------------------------------------------------- > L3 candidate here. > > The quant section was really small this year. And > with nearly everyone I met, it’s either you know > it or you don’t. But it’s actually very > straightforward when you sort it all out neatly. > > Once it’s clear in your head, the questions will > look like a joke, and you’ll definitely be sure > you nailed it.
cfakid Wrote: ------------------------------------------------------- > With quant it is all reps. If you are struggling > with it, i would say finish it and move on to > something you’re more comfortable with. When you > review, it will probably make more sense. What > you might want to try is to really understand the > definitions (heterosk, serial correlation, > covariance stationary, etc) so when you are > looking at the actual calculations you can > intuitively begin to understand what the numbers > are telling you rather than just memorizing calc, > because i remember they will ask one or two > questions that require you to know what they > measure and how to interpret rather than to just > calculate. Keep your head in it and you will be > fine. Some great advice here, I also did my own ANOVA table after that any question on ANOVA was money in the bank. I just got through L2 and I think a major reason was getting 100% on Quant. I can’t stress enough exactly what cfakid wrote. Get through it the 1st time don’t kill yourself and then review it as much as you can. About 1/2 to 2/3 of the questions are not calcs they are narrative memorization questions. Besides the EOC’s the Schweser Mocks had excellent Quant questions, probably the best, the quant questions on the CFAI, mocks, samples were good too.