Hey guys, I started on quants last week and spent about 12 hours going through the Schweser book. A lot of it went straight it and straight out, to say I’m struggling is an understatement!
How long did you guys spend on it & what structure did you go for? I’m very conscious of time as I have only covered about 40% of the material (including quants)
quant is tough for someone who is not very familiar with statistics and uncertainty data & judgmenet, which unfortunately is the category that you fall under.
practice practice practice is the best advice I can give for someone with your background.
there are three portions in the exam: linear regression, multiple regression, and time series.
All three have the same basic principles that you need to understand. You have to wrap your head around how a normal distribution works, why is there a standard deviation and what does it represent, what is the rejection region about, what is the t critical vs t calculated, how are they used to make a decision. I think this is a good starting point.
Then when you truly understand a normal distribution, get to know the table that shows what are the three common errors, what do they mean, how to detect them, how to fix them.
this will not be easy, sorry if I am not being clear, as I probably think about these concepts completely differently than you do.
I have no trouble with Quant, but found this useful and thought I should give props to cfa_mixer for pretty much breaking quants down to its basic structure.
I was in your shoes…its really about looking at problems, and knowing the terms. Just keep grinding it out. Look at the forums for answers to your questions, use some study notes etc. You’ll get it.
Count me in. I read the quant book i fall asleep, watching elan elan video also falling asleep. Managed only one los for 4 days that i ditched and move to corpfin as i only finished fra so have many los to cover and this one is dragging me down i will go back to quant after i finish all the other materials
Yeah when i started QT for first time i fell asleep in 15 minutes . But soemhow managed to finish reading 11 in 2 days . Now today i will start with reading 12
First mistake is using Schweser for Quant. Reading the chapters in CFAI text gives you more of a background on where the calculations/problems with normal distribution/time series data comes from. Schweser material is just notes on the CFA text. It doesn’t make sense to rely solely on someone else’s notes - it doesn’t mean that it will help you understand everything fully. Take the time, put in the effort - it will be worth it.