At this point almost everyone on this site has put in a lot of hours, starting to feel the pressure with exam two weeks out and looking fwd to June 3rd. While the majority of material requires a solid understanding of the concepts there will be some questions on the exam and that are simply knowing a short formula or regurgitating some random fact, such as appropriate test for Heteroskedasticity or single month mortality rate. while it’s nearly impossible to recall all this tedious stuff on exam day I have come across a few acronyms that can make recall much easier.
For example, last year while preparing for the test someone mentioned the acronym HBP, hit-by-pitch (good for baseball fans) to recall the test for Heteroskedasticity is Breusch-Page. I’ve remembered it ever since and has helped answer or eliminate an option in several practice questions. While I’m quantitatively challenged I’ve tended to look for short-cuts more in this area, but for other with funny/corny acronyms please share the wealth.
A second I will add is the test to detect cointegration….CDEFG. Cointegration-Dickey Fuller/Engles Granger.
For example, last year while preparing for the test someone mentioned the acronym HBP, hit-by-pitch (good for baseball fans) to recall the test for Heteroskedasticity is Breusch-Page. I’ve remembered it ever since and has helped answer or eliminate an option in several practice questions. While I’m quantitatively challenged I’ve tended to look for short-cuts more in this area, but for other with funny/corny acronyms please share the wealth.
A second I will add is the test to detect cointegration….CDEFG. Cointegration-Dickey Fuller/Engles Granger.
]. It’s from Mr Andrew Holmes, Schweser. These are supposed to be objectives and constraints of IPS.