### Why should I choose AnalystNotes?

AnalystNotes specializes in helping candidates pass. Period.

##### Learning Outcome Statements
 1. Trend Models 2. Autoregressive (AR) Time-Series Modelsdescribe the structure of an autoregressive (AR) model of order p and calculate one- and two-period-ahead forecasts given the estimated coefficients; explain how autocorrelations of the residuals can be used to test whether the autoregressive model fits the time series; explain mean reversion and calculate a mean-reverting level; contrast in-sample and out-of-sample forecasts and compare the forecasting accuracy of different time-series models based on the root mean squared error criterion; 3. Random Walks and Unit Rootsexplain the instability of coefficients of time-series models; describe characteristics of random walk processes and contrast them to covariance stationary processes; describe implications of unit roots for time-series analysis, explain when unit roots are likely to occur and how to test for them, and demonstrate how a time series with a unit root can be transformed so it can be analyzed with an AR model; 4. Seasonality in Time-Series Modelsdescribe the steps of the unit root test for nonstationarity and explain the relation of the test to autoregressive time-series models; explain how to test and correct for seasonality in a time-series model and calculate and interpret a forecasted value using an AR model with a seasonal lag; 5. Autoregressive Conditional Heteroskedasticity Modelsexplain autoregressive conditional heteroskedasticity (ARCH) and describe how ARCH models can be applied to predict the variance of a time series; 6. Regressions with More Than One Time Seriesexplain how time-series variables should be analyzed for nonstationarity and/or cointegration before use in a linear regression; determine an appropriate time-series model to analyze a given investment problem and justify that choice.
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.

### My Own Flashcard

No flashcard found. Add a private flashcard for the module.