I hope we are now allowed to post. How did you find the exam ? Imo it was harder than the April paper which had a very high pass rate and also quite long.
so much emphasis on bayesian stats I find the questions are not that tough but they are very lengthy and I don't think that anybody can attempt all the questions in 3 hours. it is just impossible to attempt 100 marks paper.
YouTube exam review If you're interested, I have uploaded an exam review of this paper on YouTube. You can find it here.
Just going through this paper now for revision. Can anyone help explain this step from question 9 part ii ? We have the defining equation: Xt = a1Xt-1 + a2Xt-2 + B1et-1 + et then Cov(Xt,et-1) = aCov(Xt-1,et-1) + B1(sigma^2) + sigma^2 After this step the remainder of the question is pretty straightforward. I'm sure this is just basic covariance algebra, but struggling to work it out for some reason, .....