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Quantitative Finance and Investment (QFI) track Exam CSP - Company/Sponsor Perspective

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  #21  
Old 10-30-2019, 02:02 PM
nitro22ko nitro22ko is offline
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Quote:
Originally Posted by reelsteel View Post
Yea I totally agree. I didn't know 3 advantages and 3 disadvantages of investors doing their own research, maybe had 2 each if I'm lucky, the bits about fraud and gifting policy were questionable, and I didn't quite know how to compare copulas to fractal distributions. I also found some of the point values to be a bit off. 1 point to list and describe six different risk identification techniques, and 2.5 points for less than a half a page of text.

Overall I felt like I could write something for everything. Given that I was writing answers constantly for the entire two hours, I can't imagine I missed the mark so bad as to fail this one.
lmao are you me? I felt confused on the exact same questions... I'm guessing you used TIA as well?

For own research I totally BS-ed saying
+ non-biased perspective
+ can be used to spot fishy-ness
+ an extra layer of checking against current existing research
- individual might have own bias
- may not have enough resources as an individual
- individual may be hiding something as well

Copulas vs Fractals I said
> copulas harder to model / fractals simple form
> copulas may or may not model tail risk (depending on Gaussian vs t/Archimedian)
> copula has symmetry vs fractal is non-normal

I did have trouble figuring when to use which for 2 std dev and 1987 market crisis so I played it safe and just said copula for both although mentioned the caveats of hard to model (for 2 std dev) and don't use Gaussian (for 1987 market disaster).

It also took me longer than it should have to do the analytical var/covar questions although it was only 1-1.5 points...
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  #22  
Old 10-30-2019, 02:22 PM
n27 n27 is offline
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Studying for QFI Core Exam
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Quote:
Originally Posted by nitro22ko View Post
lmao are you me? I felt confused on the exact same questions... I'm guessing you used TIA as well?

For own research I totally BS-ed saying
+ non-biased perspective
+ can be used to spot fishy-ness
+ an extra layer of checking against current existing research
- individual might have own bias
- may not have enough resources as an individual
- individual may be hiding something as well

Copulas vs Fractals I said
> copulas harder to model / fractals simple form
> copulas may or may not model tail risk (depending on Gaussian vs t/Archimedian)
> copula has symmetry vs fractal is non-normal

I did have trouble figuring when to use which for 2 std dev and 1987 market crisis so I played it safe and just said copula for both although mentioned the caveats of hard to model (for 2 std dev) and don't use Gaussian (for 1987 market disaster).

It also took me longer than it should have to do the analytical var/covar questions although it was only 1-1.5 points...


Literally same. TIA sucked for this exam IMO. But it is a new syllabus so I get it.
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  #23  
Old 10-30-2019, 04:35 PM
reelsteel reelsteel is offline
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Join Date: Dec 2017
College: Miami University
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Quote:
Originally Posted by nitro22ko View Post
lmao are you me? I felt confused on the exact same questions... I'm guessing you used TIA as well?

For own research I totally BS-ed saying
+ non-biased perspective
+ can be used to spot fishy-ness
+ an extra layer of checking against current existing research
- individual might have own bias
- may not have enough resources as an individual
- individual may be hiding something as well

Copulas vs Fractals I said
> copulas harder to model / fractals simple form
> copulas may or may not model tail risk (depending on Gaussian vs t/Archimedian)
> copula has symmetry vs fractal is non-normal

I did have trouble figuring when to use which for 2 std dev and 1987 market crisis so I played it safe and just said copula for both although mentioned the caveats of hard to model (for 2 std dev) and don't use Gaussian (for 1987 market disaster).

It also took me longer than it should have to do the analytical var/covar questions although it was only 1-1.5 points...
Yea TIA haha. I was at least able to find systemic vs workflow charts in the detailed study guides afterwards and confirm that I guessed what they were pretty well. Also yes, the 3 part VaR question was 1-1.5 points, super annoying.
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  #24  
Old 11-01-2019, 10:38 AM
moonangel moonangel is offline
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what materials u guys using for IRM ?
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  #25  
Old 12-13-2019, 12:57 PM
reelsteel reelsteel is offline
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Originally Posted by moonangel View Post
what materials u guys using for IRM ?
I only used TIA.
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  #26  
Old 01-11-2020, 08:02 PM
MJforever MJforever is offline
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Hello,

Want to buy QFI IRM Study Notes ( latest version).

Please PM me.
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