I was thinking today that irrespective of whether or not I’ll pass this year, I’ll definitely pass next year. I guess this year’s exam showed that if you’ve studied the cfai material carefully and fully and practiced 3-4 mock exams, you can easily pass. You don’t need any clever strategies for that extra 1-2 points - keep it simple and straightforward. There were a few questions this year that needed you to really know the cfai material in and out (like the lagging/coincident question). I hope we don’t need to take it next year though!
what was the answer to lagging coincident question?
asdffdsa Wrote: ------------------------------------------------------- > what was the answer to lagging coincident > question? coincident/lagging
what was the question? i dont think thats right, but i didnt read the CFA curriculum on that topic so i could be wrong.
I still hope to squeak by this year, but I also feel fairly comfortable that if it doesn’t happen for me this year, then next year should be doable. I actually wouldn’t mind taking an exam like that again, just to prove to myself that I can do better than I did in the AM - I just don’t want to pay the fees again and have to wait a year to do it.
asdffdsa Wrote: ------------------------------------------------------- > what was the question? i dont think thats right, > but i didnt read the CFA curriculum on that topic > so i could be wrong. i checked it - it’s coincident/lagging
what was the exact question?
bchadwick Wrote: ------------------------------------------------------- > I still hope to squeak by this year, but I also > feel fairly comfortable that if it doesn’t happen > for me this year, then next year should be > doable. > > I actually wouldn’t mind taking an exam like that > again, just to prove to myself that I can do > better than I did in the AM - I just don’t want to > pay the fees again and have to wait a year to do > it. i feel the same way. while I hope to pass this year, I wouldn’t mind taking it next year. If I am taking it next year, I’d like to make myself feel that I deserve to get the charter by studying properly. Right now I don’t feel that I deserve to pass because I had not actually spent a lot of time studying and I still struggle in certain parts of the study sessions. And practically also, it wouldn’t make much difference because I have to wait another 3 years before I will be eligible for the charter (after I pass Level 3)
i can’t imagine studying like this another year. if i studied this much and didn’t pass how will i do it next year?
asdffdsa Wrote: ------------------------------------------------------- > what was the exact question? can’t tell the exact question 
i dont remember the question but coincident / lagging seems wrong to me. coincident, by definition, doesnt tell you much of anything since it has limited correlation with the business cycle (it’s a coincidence). i wouldn’t argue to the death that it is wrong because you never know what CFAI might decide is correct, but in real life people don’t use coincident indicators to forecast the direction of the economy.
asdffdsa Wrote: ------------------------------------------------------- > i dont remember the question but coincident / > lagging seems wrong to me. coincident, by > definition, doesnt tell you much of anything since > it has limited correlation with the business cycle > (it’s a coincidence). i wouldn’t argue to the > death that it is wrong because you never know what > CFAI might decide is correct, but in real life > people don’t use coincident indicators to forecast > the direction of the economy. i hope you remember the question soon. the idea is an indicator that is calculated as coincident/lagging (i.e coincident divided by lagging) leads the leading indicator. i can’t remember the page number but it’s in ss6 when they discuss business cycles and indicators
coincident/lagging is 100% correct, take a look at the reading 23 or 24, they explained it pretty well why
great, that’s 4 wrong.
don’t feel bad, I actually knew it and still got it wrong, put coincident/leading
I can’t believe you guys still manage to squeeze in another specific question of the exam. I told myself not to open the posts that deal specifically with questions on exams. It’s not worth stressing out over results that you think may be right or wrong. Having said that, I answered correctly on this coincident/lagging question. I had to revert to an educated guess though.
by the way, the stock market is a leading (and not coincident) indicator. it was the previous Q.
stock market coincident / lagging (bs question) FCFE PE ? ?
Well, NO sympathy whatsoever for those who didn’t study. If you fail, too bad, you probably don’t deserve to pass. However, if you do, KUDOS to you, lucky punks! A lot of us put in the time and effort, but I don’t think it mattered much because that AM session was designed to stress test the hell out of us. I’m sure prep won’t matter too much next year in the AM session because they’ll set it up so you don’t finish on time.
TrojanHater08 Wrote: ------------------------------------------------------- > Well, NO sympathy whatsoever for those who didn’t > study. If you fail, too bad, you probably don’t > deserve to pass. However, if you do, KUDOS to > you, lucky punks! A lot of us put in the time and > effort, but I don’t think it mattered much because > that AM session was designed to stress test the > hell out of us. I’m sure prep won’t matter too > much next year in the AM session because they’ll > set it up so you don’t finish on time. I agree, the AM session is more about being able to write fast and no matter how smart you are, or how hard you studied, once you get flustered in an intense situation like that it is difficult to recover. It is a bit of a dissapointment as CFAI would likely be better served to do a more difficult content type test that gives you ample time to complete.