• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Bookwork (core notes vs acted notes)

N

NS206

Member
Hi,

I wanted to confirm what we can we be tested on in terms of bookwork - for example, question one in the X2 assignment asks for the definition of the multifactor model, but in the course notes this is not part of the core notes (i.e. in bold) - I usually split the testable bookwork and proofs as the stuff in bold and I'm a bit thrown off now.

Thanks!
 
The multifactor model is described in the text of the Core Reading, whereas the assignment question is looking for a mathematical representation (as suggested by the mention of 'notation'). If you reclassify that question as 'non-bookwork', since the answer can't be directly copied out of the the Core Reading, would that help?
 
Thank you Steve for your response. I am not sure I totally understand. The main aim of my question it to get a better grip on how to define what I need to learn as bookwork. The multifactor model is described in the core reading, but not mathematically - the mathematical formula is in the CPD notes though and pretty much a copy and paste from the CPD notes. Should I expect to possibly be asked to give the mathematical representation, with definitions of terms, in the exam, even though it looks like this is no longer part of the Core Reading but more to aid understanding?

This particular example is not my main area of concern, it is more so the latter chapters such as Ito's Lemma etc, where there is a lot of additional formulae and proofs/explanations for formulas, but are not presented as being part of the Core Reading. I am concerned that if I focus on core reading to define the proofs or bookwork I can expect there may be other bookwork that is basically bookwork but classified as 'non-bookwork'. I hope this helps to explain my query a little more. Thank you.
 
It's a reasonable assumption to make that when a question asks for something to be "stated" or "defined" then it should be able to be found in the Core Reading. Which I think is what you're asking.
However, I'm nervous about being too definitive on what may or may not be asked.
 
You must log in or register to reply here.
Back
Top