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David, you are awesome and should be on GARP Board!! I think the list on page 7 of your materials is someone incorrect as I though cdf (i) = cdf (i-1) + pmf (i) and for e.g. cdf of 19 exceptions does not correspond cdf of 18 and pmf of 19

Hello, referring to the Study Notes Jorion Ch. 6 , page 5 & MR Book 2018 p. 51: For model p=3%, when I calculate the (4-7.5)/ SQRT (0.03*0.97*250) ) I get = - 1.29 which is in range of cut off range for 97% two sided test, z value = + / - 2.17. Why is it then poor model? Thanks

Can I offer you drink in case I pass? :) ;) :D

Dear David, Refering to p. 17 in Tuckman's notes, ch. 7 and slide 9 in the video (Tuckam ch. 7). What is teh formulae used pleased to get these prices? Thanks,

I am positive you will pass - in the end, you are the one who answers questions, not asks them, heheh Best

Dear Basu Thank you *very* much for your time to provide this explanation to me. I appologize for delay in reading and my "thank you" note :) - work was a bit hectic. In case you are to sit for L2 2015, I wish you best of luck, Thanks a lot again!

Dear BT Team Would you please clarify a bit the notion of independent amount as per study notes (pages 32-33)? I am missing something here as it is stated (1) independent amount (IA) is a negative threshold (2) conceptually, IA is similar to initial margin (3) the threshold represents...

Dear BT Team How can I know which materials / videos were updated or added since my last visit (any)? Thanks a lot

Dear Nicole Super! I am in my bed so will buy tom the Advance package. Fell free to let me know few arguments on why to buy Pro package. Good night from CH

Dear Nicole Thanks for your answer. If I am a bit too frank, or misuse the English language, please excuse me. I did not know that number of hours of video can be rocket science. To me it looks quite simple: number of videos times the average length. I study well when a topic is introduced...

Dear Nicole, Happy New Year! Thanks a lot for your answer. How many hours of videos were available for FRM Level 2, please? Thanks,

Dear BT Team, Happy New Year! I am writing regarding BT study packages for FRM Level II May 2015. How far are you with preparation of FRM Level II materials? Have you finished adding all new topics/chapters? Second how many hours of videos you provide in your Advanced/Pro packages? Are all...

Hey David, Many thanks for your reply and apologizes for late thank you note - was quite busy and had no chance to sit for FRM. Thanks for your valuable input as always

Is it so obvious? You are good, really good:)

David, You are awesome!!! Many thanks for detailed explanation. I will redo the question once again prior to the exam and hope no further questioning of the logic behind the solution(s) arises :) :) :) :) P.S. Your theory on human behavior and psychology is surely valid. When the...

Hahaha...I am an optimist indeed! Thanks, David for your message + my apologizes - I printed materials in order to take notes. Will use the links in future. Thanks.

God help us! I am nowhere with my preparation :( I hope guys the situation is not as dark on your end :) Anyways, I am comparing logic behind questions P1.T2.209.1 and P1.T2.71.2. Sample size in both questions is large, by definition (e.g. n> 30). Yet standard error in the P1.T2.209.1 is...

Hello there! I wonder if there is a difference in result of this question if, ceteris paribus, instead of (1) Ho < or = 27 Ha > 27 as in the old question P1.T2.210.2, hypothesis was (2) H0 > or = 27 Ha < 27. I thought that for the first case t-statistics was negative (- 1.71, since (mu...

As in my another post on Monte Carlo (MC) (P1.T2 323.3), here as well I have a problem of understanding concept of so called "discrete" GBM. Given that GBM is not differentiable, one needs to apply Ito's Lemma (even for MC method), which is not done here. Comments, pls? Thanks

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