Just how much of wilkie model is required? Only as much as there is in 2014 cmp upgrade? or do we need to know the div yield, real yield processes as well?
Hi, You should only need to know exactly what's in the 2014 Core Reading, which is just: (1) the structure - cascade structure , but can represented as a VARMA process (2) the variables modelled - eg dividend growth and share prices (3) how its form was arrived at - ie using economic judgement, statistical analysis and a desire to keep it simple ("parsimonious"). So, I'd probably expect only the occasional, short and bookworky question on it. You should not be asked questions on all of the material that has been removed from the Core Reading. Good luck! Graham
