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in the GARP FRM materials (Chapter 4 Valuation and risk models pp 45 onwards): 4.3 Cumulative default rates 4.4 Unconditional default probabilities calculates by differencing columns of 4.3 4.5 Conditional default probabilities from scaling 4.3 for survival to t-1 These tables do not seem to...

I was prompted to download an updated version of the quantitative methods BT readings today and it simply doesn't work. It gets to the contents but on clicking any chapter it just hangs. Other BT books and the main Garp books work just fine. Is anyone else experiencing this? Edit - tried again...

I think you hint at this in the notes, but for peace of mind - does one need to be able to *compute from raw data* the standard error of intercept and slope estimates? Or is the focus more on having those standard errors given in the question and then being able to use them (eg to infer...

Thank you. The worked questions are Millers end of chapter ones 1 and 2 as covered in the BT video for hypothesis testing, about 28 minutes in for the first one. I think I follow the confidence interval approach as sample mean +\- crtitical t standard errors. It varies but ‘confidence’...

Hi. A couple of queries if I may: 1) the BT FRM 1 video has nice detail on chi squared testing (in context of VaR backtests) but I only see testing of sample mean (ie t testing) in the garp materials. For the part 1 exam just how much facility does one need with chi squared and f testing? Or is...