I think you are fairly correct. I did some research and got the answer to this. This bias is called exogeneity. Suppose we omit a variable which was somehow correlated to another independent variable. In that case, the effect of the omitted variable will come up in the residual. Thus, now since we hRead more
I think you are fairly correct.
I did some research and got the answer to this. This bias is called exogeneity.
Suppose we omit a variable which was somehow correlated to another independent variable. In that case, the effect of the omitted variable will come up in the residual. Thus, now since we have omitted the variable, the error term will be correlated with another variable which was in fact correlated to omitted variable. As a result of it, the coefficient of the variable present in the model becomes biased because we cannot know how it would affect the value of dependent variable, as in we won’t be able to understand whether the change in dependent variable is due to error or variable. So thus when variables are correlated and we omit one of them, it leads to biased coefficient and all other issues. This does not happen in case when the variables are not correlated at all. In that case, although the coefficient of the variable present would be unbiased (since prior problem won’t exist), it will still lead to heteroskedasticity.
CPI measures retail consumption power while WPI essentially focuses on wholesale markets. CPI also includes services which are not part of WPI. The divergence between the two is mostly because of the difference in the weightage given to the baskets. For instance sometimes due to growing food pricesRead more
CPI measures retail consumption power while WPI essentially focuses on wholesale markets. CPI also includes services which are not part of WPI.
The divergence between the two is mostly because of the difference in the weightage given to the baskets. For instance sometimes due to growing food prices the CPI may change more as the weightage given to it is more. Although there are many other factors too, one of them being base effect. If base effect in CPI is high then it might not grow a lot. Same goes for WPI.
So there is no one single phenomenon but there are multiple factors that play a role.
The answer is B because it has 0 in it. Answer cant be A because outcomes cant be negative. For instance if you toss a coin 11 times and success for you is head, the number of heads which may show up can range from 0 to 11. C is wrong coz if has not got 0 in it.
The answer is B because it has 0 in it. Answer cant be A because outcomes cant be negative.
For instance if you toss a coin 11 times and success for you is head, the number of heads which may show up can range from 0 to 11. C is wrong coz if has not got 0 in it.
When money supply is high, large chunk of money is chasing the same amount of goods. This hints to a likely inflationary environment. Now when inflation hits, banks are forced to increase the interest rates to reduce the money supply. This increase in interest rates is a premium to fixed instrumentsRead more
When money supply is high, large chunk of money is chasing the same amount of goods. This hints to a likely inflationary environment. Now when inflation hits, banks are forced to increase the interest rates to reduce the money supply. This increase in interest rates is a premium to fixed instruments.
I think you still have got a lot of time. It was a good decision I guess to give the mocks for May itself. Now you would know in which subject you did not perform very good and in which subjects you did very well. I can tell you what I did. I too, just like you, was done with lectures a bit early. IRead more
I think you still have got a lot of time. It was a good decision I guess to give the mocks for May itself. Now you would know in which subject you did not perform very good and in which subjects you did very well.
I can tell you what I did. I too, just like you, was done with lectures a bit early. I think you should directly start reading core. That is the best thing, if you could do that. Not only it will help you revise what you learnt from lectures, but it will also help with some additional points. For rg, in BS chapter, there is a minor point as per which a company can show the results or info about its subsadiries only if either its revenue or assets are 10% of overall firm’s revenue/assets. This point, I learnt from core and there was a question in Candidate resources on the very same concept.
The thing I am trying to say is you will get a lot of points from core too.
Another thing which I did was solved Candidate resources multiple times. And I used U-world a lot in the final days. The questions to be honest are not representative of CFA exams but the explainations of the concepts which they have on U-world is outstanding. It is a revision in itself.
And last is solve as many questions as possible.
SInce you have got time, I really recommend reading core. That will be great. And 50/90 and 63/90 with 2 months left is still good coz average scores on Q forum is I think just what you have scored. So you are doing pretty well in fact. You shouldn’t be disappointed.
Multiple Regression
I think you are fairly correct. I did some research and got the answer to this. This bias is called exogeneity. Suppose we omit a variable which was somehow correlated to another independent variable. In that case, the effect of the omitted variable will come up in the residual. Thus, now since we hRead more
I think you are fairly correct.
See lessI did some research and got the answer to this. This bias is called exogeneity.
Suppose we omit a variable which was somehow correlated to another independent variable. In that case, the effect of the omitted variable will come up in the residual. Thus, now since we have omitted the variable, the error term will be correlated with another variable which was in fact correlated to omitted variable. As a result of it, the coefficient of the variable present in the model becomes biased because we cannot know how it would affect the value of dependent variable, as in we won’t be able to understand whether the change in dependent variable is due to error or variable. So thus when variables are correlated and we omit one of them, it leads to biased coefficient and all other issues. This does not happen in case when the variables are not correlated at all. In that case, although the coefficient of the variable present would be unbiased (since prior problem won’t exist), it will still lead to heteroskedasticity.
CPI & WPI Convergence
CPI measures retail consumption power while WPI essentially focuses on wholesale markets. CPI also includes services which are not part of WPI. The divergence between the two is mostly because of the difference in the weightage given to the baskets. For instance sometimes due to growing food pricesRead more
CPI measures retail consumption power while WPI essentially focuses on wholesale markets. CPI also includes services which are not part of WPI.
The divergence between the two is mostly because of the difference in the weightage given to the baskets. For instance sometimes due to growing food prices the CPI may change more as the weightage given to it is more. Although there are many other factors too, one of them being base effect. If base effect in CPI is high then it might not grow a lot. Same goes for WPI.
So there is no one single phenomenon but there are multiple factors that play a role.
See lessQuantssssss
The answer is B because it has 0 in it. Answer cant be A because outcomes cant be negative. For instance if you toss a coin 11 times and success for you is head, the number of heads which may show up can range from 0 to 11. C is wrong coz if has not got 0 in it.
The answer is B because it has 0 in it. Answer cant be A because outcomes cant be negative.
See lessFor instance if you toss a coin 11 times and success for you is head, the number of heads which may show up can range from 0 to 11. C is wrong coz if has not got 0 in it.
MONETARY AND FISCAL POLICY
When money supply is high, large chunk of money is chasing the same amount of goods. This hints to a likely inflationary environment. Now when inflation hits, banks are forced to increase the interest rates to reduce the money supply. This increase in interest rates is a premium to fixed instrumentsRead more
When money supply is high, large chunk of money is chasing the same amount of goods. This hints to a likely inflationary environment. Now when inflation hits, banks are forced to increase the interest rates to reduce the money supply. This increase in interest rates is a premium to fixed instruments.
See lessQ-Forum Mock
I think you still have got a lot of time. It was a good decision I guess to give the mocks for May itself. Now you would know in which subject you did not perform very good and in which subjects you did very well. I can tell you what I did. I too, just like you, was done with lectures a bit early. IRead more
I think you still have got a lot of time. It was a good decision I guess to give the mocks for May itself. Now you would know in which subject you did not perform very good and in which subjects you did very well.
See lessI can tell you what I did. I too, just like you, was done with lectures a bit early. I think you should directly start reading core. That is the best thing, if you could do that. Not only it will help you revise what you learnt from lectures, but it will also help with some additional points. For rg, in BS chapter, there is a minor point as per which a company can show the results or info about its subsadiries only if either its revenue or assets are 10% of overall firm’s revenue/assets. This point, I learnt from core and there was a question in Candidate resources on the very same concept.
The thing I am trying to say is you will get a lot of points from core too.
Another thing which I did was solved Candidate resources multiple times. And I used U-world a lot in the final days. The questions to be honest are not representative of CFA exams but the explainations of the concepts which they have on U-world is outstanding. It is a revision in itself.
And last is solve as many questions as possible.
SInce you have got time, I really recommend reading core. That will be great. And 50/90 and 63/90 with 2 months left is still good coz average scores on Q forum is I think just what you have scored. So you are doing pretty well in fact. You shouldn’t be disappointed.
Q-Forum Mock
Lower. Definitely lower.
Lower. Definitely lower.
See lesswhy the ans is not A
The private sector wont decrease the savings but rather increase the savings rate given a high debt
The private sector wont decrease the savings but rather increase the savings rate given a high debt
See lessFOB destination
Yes right. But we should always stay sceptical.
Yes right. But we should always stay sceptical.
See lessFOB destination
No they just recognise the revenue.
No they just recognise the revenue.
See lessFOB destination
thanks
thanks
See less