LOS

[abcd01]

So when you have an LOS like in Reading 8 that says:

"Define and interpret skew, explain the meaning of a positively or negatively..."

Do they expect us to compute it given the data? Or will they actually limit the questions they ask to interpretations and definititions?

It's not hard, but it takes a long time to do...

 

[CFAHouston]

Nope, no computations. Just understanding.

 

[Super I]

You know how they test stuff like this? They give you a case study to read about some analyst and portfolio and the analyst makes two statements to his boss, one on skew and one on something else (call it X), and one of the multiple choice questions on that case study will be:

A) analyst was correct in his comments about skew and X
B) analyst was incorrect in his comments about skew and X
C) analyst was correct in his comments about skew but incorrect about X
D) analyst was correct in his comments about X but incorrect about skew

 

[abcd01]

great stuff, thanks a lot guys.