This shit crazyyyy
Welcome to level 2. Enjoy!
So lost… trying desperatly to comprehend ARCH Models and stuff… I am good with multiple regression etc… but some of the model equations are TOO MUCH TO HANDLE. I wonder if Elan/Schweser makes it THIS UNBEARABLE!!!
FML.
The topic can be intimidating if you haven’t seen it or the necessary background before, but realistically it will only be 1 or 2 questions on the test, and likely softball questions at that. There’s a chance time series won’t even show up.
Don’t spend more than about five minutes on the time-series stuff.
Quant is only 5% of the exam, and time series will only be one, maybe two questions. Not worth spending a ton of time on.
(I say that–this could be the year that quant is 10% of the exam and consists of nothing but time-series crap.)
The key to this stuff (quant, derivs and PM) is to force yourself through as much as possible then leave it for a few weeks and start again. Each time focus on figuring out 2-3 key areas. In a few months you’ll have it nailed.
Quant is typically 1 Item set on the exam?
yes, i’d say it’s important to know but don’t kill yourself over it. i would suggest getting your hands on a Scweser video on this topic (even an old one is okay), you will get the general idea of what the topic is all about.
it’s not that bad once you have a “map” in your head. i would also draw diagrams if you have it hard to keep track.
liklihood of seeing a question on ARCH(1) or GARCH? Or ARMA?
ARCH(1) very likely…
5-10%…so 1 or 2 sets. You won’t know till exam day.
And maybe not till the afternoon of exam day.
you may wish to refer to Brooks for an introductory overview for quants if you weren’t exposed to this material before.
What, exactly, do you find “crazyyyy” about random walks.
I might be able to help, but only if I have a clearer idea of the problem.
(Instead of “help” I was about to write “point you in the right direction”, but . . . .)
(By the way, has it occurred to you that if someone’s going in circles and you set them straight, they go off on a tangent?)
“But it wasn’t because I didn’t know enough…I just knew too much…does that make me crazy (x3)…possibly”
Dont neglect quants. Easy >70, if you spend some time!
+1 Quant should be easy points. I lost a point on a simple definition this year and was kicking myself as I knew this would probabyl push me under 70, which it did. Whilst Quant could be mind bending on the exam if the Institute wanted it to be, it never really works out this way. The questions are really only testing that you know and understand so you don’t see the types of questions you do in other areas that draw on multiple concepts to test mastery. Having said that if you really (and I do mean really) can’t get your head round it, leave it, come back later and if you still can’t get it learn the facutal stuff how to identify autocorrelation, heteroscedasticity etc. and move on.
Practice, practice, and more practice. Also, to all the numbnuts posting how quants is only 5% on the exam, I have one acronym for you: AI. Enough said.
Econ is worse than quant.
Schweser is great for quant, but still, if u find it too, hard just skip quant,it doesnt have that much weight anyway.