FRM Foundations Of Risk Management Quantitative Methods

Instructions:
• Answer 50 questions in 15 minutes.
• If you are not ready to take this test, you can study here.
• Match each statement with the correct term.
• Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Cross - sectional

2. Weibul distribution

3. Central Limit Theorem

4. GPD

5. Non - parametric vs parametric calculation of VaR

6. Logistic distribution

7. Mean reversion in variance

8. Control variates technique

9. Test for unbiasedness

10. Cholesky factorization (decomposition)

11. Simplified standard (un - weighted) variance

12. Hazard rate of exponentially distributed random variable

13. Homoskedastic only F - stat

14. F distribution

15. Time series data

16. Beta distribution

17. Variance(discrete)

18. Binomial distribution equations for mean variance and std dev

19. Economical(elegant)

20. Unbiased

21. SER

22. Kurtosis

24. Mean reversion in asset dynamics

25. Antithetic variable technique

26. Confidence interval for sample mean

27. Direction of OVB

28. Type I error

29. Panel data (longitudinal or micropanel)

30. i.i.d.

31. Two ways to calculate historical volatility

32. Regime - switching volatility model

33. Heteroskedastic

34. R^2

35. Type II Error

36. Historical std dev

37. Continuously compounded return equation

38. Lognormal

39. Standard normal distribution

40. Unconditional vs conditional distributions

41. What does the OLS minimize?

42. Mean reversion

43. Poisson distribution equations for mean variance and std deviation

44. Importance sampling technique

45. Reliability

46. Persistence

47. Critical z values

48. Mean(expected value)

49. Gamma distribution

50. Binomial distribution