Hard time with Quant and Econ...tips?

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ocgal

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For some reason, I’m having a hard time with Quant (regression) and Econ (all the currency calculations..)…I know these topics weigh less than FRA/Equity but its still quite frustrating!
Anybody feel the same way? How are you guys tackling your problem topics? I’m now thinking of pushing them to last and focus on FRA/Equity for now
 
You will not understand the material in these sections at first. Do lots of practice questions and you will slowly get used to the calculations.
 
Hi ocgal
I am getting same problem. I have planned that for Ethics I will read CFAI books whenever I feel that I cannot read any other thing mean when I am too tired :).
For Quants if you are feeling difficulty you can adopt “go slow” policy which means that you can read this area on regular basis, and pratice a lot, with any other area.
Regards
 
same here especially for quant
statistics just doesnt stick in my brain for some reason, and that is the whole section!
will just need to spend extra time on it
 
I have suggestion here we can discuss end of book one question everyday.
I believe it will increase retention and understanding of different topics. I hope all of you are using Schweser?
If agree please let me know.
 
I found schweser to be basically worthless on quant for L2. I read schweser quant, then went to try eocs and was completely clueless. I would avoid schweser on quant (and on everything else unless you just don’t have the time to read Cfai.).
 
CFAI and Schweser we can discuss Quants from both it will give us more confidence in this area.
 
The free elan vids for quant are pretty helpful, they are all posted on youtube…pretty long but they do a good job
 
Yeah…I’m just going to revert back to CFAI on areas that Schweser doesn’t do a good job of explaining. It will be more time consuming but much better than reading the same Schweser notes over and over again and having nothing go through…
 
Quant and Econ were among the most difficult for me in level 1 but I seemed to breeze through this time with Schweser notes. My application isn’t perfected by any means but that comes much later. What I do is write notes to explain it to myself as I go through the material, then summarize those notes even further, and then review & memorize those notes before attempting to apply them on questions. Then once questions are attempted successfully, I take notes of what I learned from them then move on.
Hope that helps.
 
Hi Chris can you share your notes for all three readings of Quants because I like your approach.
 
If you are not super confidnet with quant (a lot of people aren’t), you may be able to get by, but if you don’t know quant and econ, i think you really have to find yourself either a tutor, or lecture, or study guide or investopedia, or some other source that helps you understand the topic.
 
NANA Hachiko wrote:
If you are not super confidnet with quant (a lot of people aren’t), you may be able to get by, but if you don’t know quant and econ, i think you really have to find yourself either a tutor, or lecture, or study guide or investopedia, or some other source that helps you understand the topic.
Click to expand...
Also doens’t hurt posting your questions here. Seems 2 or 3 people will respond with a different view, may help make sense of the mess.
 
ocgal wrote:
For some reason, I’m having a hard time with Quant (regression) and Econ (all the currency calculations..)…I know these topics weigh less than FRA/Equity but its still quite frustrating!
Anybody feel the same way? How are you guys tackling your problem topics? I’m now thinking of pushing them to last and focus on FRA/Equity for now
Click to expand...
I don’t about Econ (have not studied yet) but quant stuff is written in some alien language. I had never heard of the word “Heteroskedasticity” before studying the Multiple Regression reading. I can hardly pronounce it correctly.
Imo, the good thing is that it is not rocket science type of hard but the jargon used makes it look like an impenetrable thing to study.
Don’t leave the hard stuff for the end because it will be more difficult to knock it down when you will already be under a lot of stress/pressure. Get the hard stuff down now, the easy things will take care of themselves.
I consider myself to be good with Maths/Stats and I still devoted 2 long weeks for Quant to get over all the stuff. It’s definitely not easy but it is not hard either. Just show it the respect it deserves.
 
If you have not taken a statistic class in university, it is a very challenging concept to understand regression adn read ANOVA table.
It took us the whole semester to master it (and we didn’t even go so deep in the different testing).
that’s just to show every section of CFA is a beast on its own, not to be taken lightly!
 
My notes are really customized as to how they are written which makes them almost unreadable to others. I think note structure is very important and should be tailored to how you acquire and retain knowledge. For example, I have arrows for main points, dashes for sub points, bullets for sub-sub points, and little arrows for sub-sub-sub points. I use equal signs next to points to say (in as few words as possible) what the term (or heading) means. I use brackets after the point to explain important aspects I should remember (as briefly and concisely as possible), and little *s to make notes that are either unrelated to any of the headings or that just dont fit logically any where else.
My super-summarized version of original notes are written so small and organized so carefully that I can usually fit all the content (4-6 backsides pages of notes per chapter, on average) onto a single piece of paper (front & back side). It’s like a giant cue card, that if structured and written well enough, can summarize all the content in an entire chapter and be reviewed in minutes. I also like to write a seperate page of all the formulas and practice memorizing them before attempting questions.
Hope this is helpful.
 
^ I’m impressed.. I do my own notes for some topics .. Whenever I feel the book is too messy to revise from .. Writing notes takes time but they make revision easier and quicker, so there’s a cost-benefit tradeoff.. I don’t think I can fit them into one card though.
 
Ocgal if you’re studying from schweser, try answering the CFAI EOC .. They help clear things that schweser didn’t cover well.
 
I think those having problems with Quants should try out Arif Irfanullahs videos .Concepts have been explained logically and with compexity perception of candidtaes in mind .Not that I am a great admirer of his , but I must say he makes life easier with as dry a topic like quant. Anyways with concepts solidly hammered in the rest is all practice..
 
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