CFA 2019 Schweser - Level 1 SchweserNotes Book 1: ETHICAL AND PROFESSIONAL STANDARDS AND QUANTITATIVE METHODS

Welcome to the 2019 SchweserNotes™......Page 13
Contents......Page 2
List of pages......Page 5
Learning Outcome Statements (LOS)......Page 15
Module 1.1: Ethics and Trust......Page 24
Key Concepts......Page 29
Answer Key for Module Quiz......Page 30
Module 2.1: Code and Standards......Page 31
Answer Key for Module Quiz......Page 38
Module 3.1: Guidance for Standards I(A) and I(B)......Page 39
Module 3.2: Guidance for Standards I(C) and I(D)......Page 43
Module 3.3: Guidance for Standard II......Page 44
Module 3.4: Guidance for Standards III(A) and III(B)......Page 46
Module 3.5: Guidance for Standards III(C), III(D), and III(E)......Page 49
Module 3.6: Guidance for Standard IV......Page 52
Module 3.7: Guidance for Standard V......Page 55
Module 3.8: Guidance for Standard VI......Page 59
Module 3.9: Guidance for Standard VII......Page 61
Answer Key for Module Quizzes......Page 64
Module 4.1: Introduction to GIPS......Page 68
Key Concepts......Page 71
Answer Key for Module Quiz......Page 72
Module 5.1: The GIPS Standards......Page 73
Key Concepts......Page 79
Answer Key for Module Quiz......Page 81
Topic Assessment: Ethical and Professional Standards......Page 82
Topic Assessment Answers: Ethical and Professional Standards......Page 87
Module 6.1: EAY and Compounding Frequency......Page 90
Module 6.2: Calculating PV and FV......Page 96
Module 6.3: Uneven Cash Flows......Page 104
Key Concepts......Page 113
Answer Key for Module Quizzes......Page 115
Module 7.1: NPV, IRR, and HPR......Page 117
Module 7.2: Returns and Yields......Page 122
Key Concepts......Page 131
Answer Key for Module Quizzes......Page 133
Module 8.1 Describing Data Sets......Page 135
Module 8.2: Means and Variance......Page 143
Module 8.3: Skew, Kurtosis, and Sharpe Ratio......Page 153
Key Concepts......Page 163
Answer Key for Module Quizzes......Page 167
Module 9.1: Conditional and Joint Probabilities......Page 170
Module 9.2: Conditional Expectations, Correlation......Page 175
Module 9.3: Portfolio Variance, Bayes, and Counting Problems......Page 182
Key Concepts......Page 190
Answer Key for Module Quizzes......Page 194
Module 10.1: Uniform and Binomial Distributions......Page 196
Module 10.2: Normal Distributions......Page 207
Module 10.3: Lognormal Distribution, Simulations......Page 214
Key Concepts......Page 221
Answer Key for Module Quizzes......Page 225
Module 11.1: Central Limit Theorem and Standard Error......Page 227
Module 11.2: Confidence Intervals and t-Distribution......Page 233
Key Concepts......Page 244
Answer Key for Module Quizzes......Page 246
Module 12.1: Hypothesis Tests and Types of Errors......Page 248
Module 12.2: Tests of Means and p-Values......Page 256
Module 12.3: Mean Differences, Difference in Means......Page 262
Key Concepts......Page 276
Answer Key for Module Quizzes......Page 278
Module 13.1: Technical Analysis......Page 280
Key Concepts......Page 294
Answer Key for Module Quiz......Page 296
Topic Assessment: Quantitative Methods......Page 298
Topic Assessment Answers: Quantitative Methods......Page 301
Formulas......Page 303
Appendix A: Areas Under The Normal Curve......Page 307
Cumulative Z-Table......Page 308
Appendix B: Student’s t-Distribution......Page 310
Appendix C: F-Table at 5% (Upper Tail)......Page 311
Appendix D: F-Table at 2.5% (Upper Tail)......Page 312
Appendix E: Chi-Squared table......Page 313