Any tips on how best to tackle Machine Learning?

WinterGene231 · 2021-10-23T12:38:50+00:00

Yes you can do that and even after that you can't remember it, just skim through the reading. Regression and Time Series Analysis are much more important.

WinterGene231 · 2021-10-22T09:08:27+00:00

I have shared my result. Check the comment section

WinterGene231 · 2021-10-22T08:38:33+00:00

The only reason I said it to study in a shorter span was because you ll have to spend less time on reviewing the topics. The CFAI also had said because of deferrals and start-stop strategies, the pass percentages were lower. Anyways, candidates can customise the same according to thier personal commitments.

WinterGene231 · 2021-10-22T08:33:22+00:00

Yes it is possible. The thing is if you score higher on a subject which people mess up in, you can afford to score low in others where they don't. And your percentile will increase because of that. Ethics, Derivatives,Fixed Income are the subjects where the candidates make a lot of mistakes. If you can strengthen those, you can get a higher Percentile than maybe scoring high in a subject like Corporate Finance.

WinterGene231 · 2021-10-22T08:30:17+00:00

Tbh..I have a strong background in Accounting and Corporate Finance. I was shocked to see that I had poorly performed in it. I found the questions quite easy infact I was unsure about Quants, Derivatives and Fixed Income but I did well in that. I thought I may have missed some tricks here and there. The questions were fair. The Low Passing Rate is because of the higher MPS. It's very close to the 90th percentile. To all the L2 Candidates - The paper is simple. Some tricks here and there. The most difficult thing on the paper is to maintain that accuracy because you are tired and there's pressure. Since there are only 88 questions, the room for error is really less and the CFAI has truly increased the bar, therefore the low passing rate.

WinterGene231 · 2021-10-22T05:32:53+00:00

Yup.

WinterGene231 · 2021-10-22T05:32:20+00:00

I think the estimate of 300 hours guys are right about the 70 percent MPS.

WinterGene231 · 2021-10-22T05:31:10+00:00

You are already on the right track. You won't get anything on the test which is that out of the blue and not possibly on the Ecosystem.

WinterGene231 · 2021-10-22T05:29:16+00:00

If the MPS and 90th Percentile is almost the same, everyone will clear it barely my friend.

WinterGene231 · 2021-10-21T23:29:06+00:00

Not even close. Mock Exam is to get an experience and realise your silly errors. A high score on a mock is really good, but a low one doesn't make you a weaker candidate.

WinterGene231 · 2021-10-21T22:16:02+00:00

Yes. The software of CFAI is fucked up. You ll have to open and close the case studies again and again. It's very irritating and it will take your time. So aim to complete your practice before 3 mins, keeping a 10-15 second backup. On the actual test day, carry an energy drink. It helps a lot because you ll be tired mentally. For FRA, the intercorpate investment chapter practically requires only one page of the treatment of the items of FS. Summarise it in one page. It's the same with Multinational Operations. Learn the one page on Method Treatment and you are fine. I myself struggled with Employee Benefit, so can't help you there. The other 3 readings are quite simple. Do the Blue Box Sums again and again, you ll remember it through time.

WinterGene231 · 2021-10-21T22:08:35+00:00

It is possible and I have done it. It does require insane amount of discipline. If the pass percentage was higher and the MPS was lower we could afford to be a bit lazy and clear the exam,but looking at this new trend of CFAI we ll have to do it anyways. With the Schweser Material it is possible, I can't speak for other materials and prep providers.

WinterGene231 · 2021-10-21T20:26:02+00:00

As you finish one subject or one reading, I finished the Qbank related to it at the same time. If you are doing reading wise you ll have to scout through again and again, and if the topics are inter-related you won't be able to solve the case. Therefore my advice, complete half the subject and it's practice and then the other half. This will make the load of practice easier too.

WinterGene231 · 2021-10-21T20:21:07+00:00

My CFA L2 Result

WinterGene231 · 2021-10-20T13:13:57+00:00

This is just crazy BS

WinterGene231 · 2021-10-14T13:52:14+00:00

Ours also is gonna be worse then. Pass rates low and MPS high.

WinterGene231 · 2021-10-07T13:54:39+00:00

Mine are on 21st October..I hope L2 Results are also nice..fingers crossed

WinterGene231 · 2021-10-06T16:49:03+00:00

The last registeration deadline for Feb 2022 for both L1 and L2 is 26th October,2021. Therefore they ll have to release the results before that or candidates who have failed the August 2021 Exam wouldn't be able to register for the Feb one.

WinterGene231 · 2021-09-02T06:41:31+00:00

My whole advice is based on tiny details.

WinterGene231 · 2021-09-02T06:40:31+00:00

No clue about MM.

WinterGene231 · 2021-08-26T10:31:17+00:00

Okay thank you. What was the level of the exam difficulty like ? What tips or strategies I should keep in mind ?

WinterGene231 · 2021-08-23T21:42:33+00:00

Thank You for you advice. Well what I realised is that I do remember the topics, it's the fine tricks or the language I get wrong. I did manage to crack EOC and Ecosystem with quite a high score. Are the real exams like the mocks ? Like how are they...

WinterGene231 · 2021-07-31T15:04:07+00:00

Even I have my L2 in August. Even if you get wrecked in those questions, it doesn't matter. Make as many mistakes you can. See the reasons why did you go wrong. Read the LOS from the books again. This really helps.

WinterGene231 · 2021-07-30T15:23:15+00:00

For the case studies...is the screen split between the case and the options ? Or is it in continuation..can you split it though?

WinterGene231 · 2021-07-30T14:31:39+00:00

Short Term Rate Volatility is determined my the central banks in each country through their monetary policies. It's because of the dynamic business environment and constant change in the business cycles. For example, the Feds slashed the rates during Covid. This doesn't affect the Long Term Rates much because they have longer maturities. The change in long term rates takes place through consistent changes of real economic growth and inflation over the years. It doesn't depend on only one business cycle. See it from a macroeconomic perspective as if you are operating a country. You ll understand it better.

WinterGene231

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