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  #11  
Old 04-15-2018, 03:54 PM
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ngxxx081 ngxxx081 is offline
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Would someone be kind enough to provide a little more detail on how to calculate the covariance for example 5D to the IFM ASM manual 1e1p on page 64? How is the answer .00257? I keep getting a different answer and I have gone so far as creating a table of all the intermediate calculations - see attached.

Basically took the differences between the return of a stock and its respective average (expected) return, multiplied both differences, summed them all up, and divided by one less than the number of observations. I keep getting .001476.

Any help would be appreciated. Thank you.
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  #12  
Old 04-15-2018, 06:53 PM
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Originally Posted by ngxxx081 View Post
Would someone be kind enough to provide a little more detail on how to calculate the covariance for example 5D to the IFM ASM manual 1e1p on page 64? How is the answer .00257? I keep getting a different answer and I have gone so far as creating a table of all the intermediate calculations - see attached.

Basically took the differences between the return of a stock and its respective average (expected) return, multiplied both differences, summed them all up, and divided by one less than the number of observations. I keep getting .001476.

Any help would be appreciated. Thank you.
This is probably an error. Based on the stock prices in your image, I got the same answer for covariance as yours, which is 0.00147551. You can report this error to Abe at mail@studymanuals.com.
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  #13  
Old 04-15-2018, 07:10 PM
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This is probably an error. Based on the stock prices in your image, I got the same answer for covariance as yours, which is 0.00147551. You can report this error to Abe at mail@studymanuals.com.
I sent an Email to Abe. Thank you.
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  #14  
Old 04-15-2018, 07:25 PM
Abraham Weishaus Abraham Weishaus is offline
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I agree, it is an error.
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  #15  
Old 05-03-2018, 07:57 PM
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Default Standard normal values, ASM?

Hi all,

I'm using ASM and I am wondering how they get such exact values for their normal distributions. I'm using a standard normal table found on google that allows you to input up to two decimal places, but my calculations are always slightly off since ASM's values are more exact. I used the same table while studying for Exam C and Mahler's values and mine always matched.

Any suggestions on good sources for more exact values of normal distributions?
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  #16  
Old 05-03-2018, 08:03 PM
Abraham Weishaus Abraham Weishaus is offline
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Originally Posted by anothermathteacher View Post
Hi all,

I'm using ASM and I am wondering how they get such exact values for their normal distributions. I'm using a standard normal table found on google that allows you to input up to two decimal places, but my calculations are always slightly off since ASM's values are more exact. I used the same table while studying for Exam C and Mahler's values and mine always matched.

Any suggestions on good sources for more exact values of normal distributions?
I use Excel, rounding to 5 places. On exams you'll get Prometric's calculator which rounds to 5 places (unless you're taking it in a paper-and-pencil site). You may access it here
https://www.prometric.com/en-us/clie...alculator.aspx
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  #17  
Old 05-06-2018, 06:45 AM
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Quote:
Originally Posted by anothermathteacher View Post
Hi all,

I'm using ASM and I am wondering how they get such exact values for their normal distributions. I'm using a standard normal table found on google that allows you to input up to two decimal places, but my calculations are always slightly off since ASM's values are more exact. I used the same table while studying for Exam C and Mahler's values and mine always matched.

Any suggestions on good sources for more exact values of normal distributions?
As already said by ASM, go to Excel and use the normdist or more specifically (for the standard normal), use normsdist.

Thanks.
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  #18  
Old 05-06-2018, 02:35 PM
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James wrote this app for iOS a few years ago which is intended to mock up the results that you get from the Prometric calculator.

FREE TIA Normal Calculator iOS app
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  #19  
Old 05-14-2018, 03:03 AM
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Default MFE Results March 2018

MFE Results:

(i) Congratulations to all those who just passed the MFE exam. Awesome...


(ii) To those who did not, the moment is right to start preparing for the July 2018 exam. I strongly encourage you to try the PAK manual, since there is a whole lot of explanation of concepts, working examples and challenging exam-type questions. Most likely, you may find the detailed explanations for the things you did not get right on the prior exam.

Give it a try and you will not regret it!!
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  #20  
Old 05-14-2018, 11:39 AM
ToBeAnActuaryOrNotToBe ToBeAnActuaryOrNotToBe is offline
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Got a 5 on MFE. Gonna start studying for this IFM exam now. Gawwddd... so mad at myself.
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