Just finished ethics/quant, material all seems fairly reasonable with respect to formulas and memorization but wtf is the possibility of determining sf (st error of forecast?) Anyone see it as unreasonable to memorize said formula?
I was wondering about this formula too. I do not think it will be tested directly, but we probably have to use it to construct a confidence interval. I would appreciate any thoughts from L2ers on this one.
any thoughts on memorizing adjusted r^2? or just know the effects of additional independent variables and dhow it relates to r^2?
Northeastern Student Wrote: ------------------------------------------------------- > any thoughts on memorizing adjusted r^2? or just > know the effects of additional independent > variables and dhow it relates to r^2? when i took L2, calculating adj. r^2 was a question.
dually noted. thanks CardShark! any other helpful tips?
…if it is in the LOS it is testable. As a retaker, I attest to have memorized every single FFC and thought very little of a forecasting a FFC (because it was so far outside the other FFC formulas and schweser notes only touched on it briefly) that I got burned on test day. I am also sure most retakers will recall the accruals ratio formula from the last year. I later realized this ratio was heavily covered in the CFAI text but the schweser notes only dedicated a page. If memory serves me well, we had to work a complete private equity performance model. Never thought that would make the exam either.
Round 2 Wrote: ------------------------------------------------------- > …if it is in the LOS it is testable. As a > retaker, I attest to have memorized every single > FFC and thought very little of a forecasting a FFC > (because it was so far outside the other FFC > formulas and schweser notes only touched on it > briefly) that I got burned on test day. I am also > sure most retakers will recall the accruals ratio > formula from the last year. I later realized this > ratio was heavily covered in the CFAI text but the > schweser notes only dedicated a page. If memory > serves me well, we had to work a complete > private equity performance model. Never thought > that would make the exam either. I wasn’t surprised PE showed up since it was a new topic, but there was some adjustment that needed to be done in order to properly account for cash flows recorded during the end of the year instead of the beginning of the year. That was pretty sneaky of them.