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#finance #steiner-mastering-financial-calculations-3ed
Trading in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with spot value (such as EURIBOR or CHF LIBOR), this is two working days before the third Wednesday.
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#finance #steiner-mastering-financial-calculations-3ed
In the case of sterling futures, both the last trading day and the LIBOR fixing used for settlement are the third Wednesday of the delivery month.
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Flashcard 150890191

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#finance #steiner-mastering-financial-calculations-3ed
Question
A dealer expecting the yield curve to twist [direction?] sells a shorter-dated FRA and buys a longer-dated FRA.
Answer
anti-clockwise

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A dealer expecting the yield curve to twist anti-clockwise sells a shorter-dated FRA and buys a longer-dated FRA.

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Flashcard 150890200

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#finance #steiner-mastering-financial-calculations-3ed
Question
A dealer expecting the yield curve to twist anti-clockwise [buys/sells] a shorter-dated FRA and [buys/sells] a longer-dated FRA.
Answer
sells a shorter-dated FRA and buys a longer-dated FRA

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A dealer expecting the yield curve to twist anti-clockwise sells a shorter-dated FRA and buys a longer-dated FRA.

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Flashcard 150890210

Tags
#finance #steiner-mastering-financial-calculations-3ed
Question
Therefore a buyer of a FRA will profit if the interest rate [rises or falls?]
Answer
rises

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Therefore a buyer of a FRA will profit if the interest rate rises

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Flashcard 150890219

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#finance #steiner-mastering-financial-calculations-3ed
Question
Therefore a [buyer or seller?] of a FRA will profit if the interest rate rises
Answer
buyer

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Therefore a buyer of a FRA will profit if the interest rate rises

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Flashcard 150890228

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#finance #steiner-mastering-financial-calculations-3ed
Question
Therefore a buyer of a [FRA or future?] will profit if the interest rate rises
Answer
FRA

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Therefore a buyer of a FRA will profit if the interest rate rises

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Flashcard 150890240

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#finance #steiner-mastering-financial-calculations-3ed
Question
In the case of sterling futures, both the [...] and the LIBOR fixing used for settlement are the third Wednesday of the delivery month.
Answer
last trading day

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In the case of sterling futures, both the last trading day and the LIBOR fixing used for settlement are the third Wednesday of the delivery month.

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Flashcard 150890246

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#finance #steiner-mastering-financial-calculations-3ed
Question
In the case of sterling futures, both the last trading day and the [...] are the third Wednesday of the delivery month.
Answer
LIBOR fixing used for settlement

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In the case of sterling futures, both the last trading day and the LIBOR fixing used for settlement are the third Wednesday of the delivery month.

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Flashcard 150890252

Tags
#finance #steiner-mastering-financial-calculations-3ed
Question
In the case of sterling futures, both the last trading day and the LIBOR fixing used for settlement are the [...].
Answer
third Wednesday of the delivery month

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In the case of sterling futures, both the last trading day and the LIBOR fixing used for settlement are the third Wednesday of the delivery month.

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Flashcard 150890259

Tags
#finance #steiner-mastering-financial-calculations-3ed
Question
In practice therefore, the FRA rate for a period coinciding with a futures contract would be ([...]).
Answer
100 - futures price

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In practice therefore, the FRA rate for a period coinciding with a futures contract would be (100 - futures price).

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Flashcard 150890283

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#artificial-intelligence #minsky #society-of-mind
Question
perhaps it's because there are no persons in our heads to make us do the things we want -nor even ones to make us want to want-that we construct the myth that [...] inside ourselves
Answer
we're

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perhaps it's because there are no persons in our heads to make us do the things ws want -nor even ones to make us want to want-that we construct the myth that we're inside ourselves

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Flashcard 150890302

Tags
#finance #steiner-mastering-financial-calculations-3ed
Question
Trading in a STIR contract generally finishes at the time when [...]. For contracts settled against a reference rate with spot value (such as EURIBOR or CHF LIBOR), this is two working days before the third Wednesday.
Answer
the reference rate against which it is settled at expiry - such as LIBOR - is fixed

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Trading in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with spot value (such as EURIBOR or CHF LIBOR), this is two working days before the third Wednesday.

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Flashcard 150890308

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#finance #steiner-mastering-financial-calculations-3ed
Question
Trading in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with [...] (such as EURIBOR or CHF LIBOR), this is two working days before the third Wednesday.
Answer
spot value

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Trading in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with spot value (such as EURIBOR or CHF LIBOR), this is two working days before the third Wednesday.

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Flashcard 150890314

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#finance #steiner-mastering-financial-calculations-3ed
Question
Trading in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with spot value (such as EURIBOR or CHF LIBOR), this is [relate to specific day of week].
Answer
two working days before the third Wednesday

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in a STIR contract generally finishes at the time when the reference rate against which it is settled at expiry - such as LIBOR - is fixed. For contracts settled against a reference rate with spot value (such as EURIBOR or CHF LIBOR), this is <span>two working days before the third Wednesday.<span><body><html>

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#m249 #mathematics #open-university #statistics #time-series
In additive decomposition model, the seasonal fluctuations are of roughly the same size whether the level mt is large or small.
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#m249 #mathematics #open-university #statistics #time-series
in multiplicative decomposition model, the size of the seasonal fluctuations is proportional to mt
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#m249 #mathematics #open-university #statistics #time-series
in multiplicative decomposition model, the size of the irregular fluctuations is proportional to mt × st
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#m249 #mathematics #open-university #statistics #time-series
Consider the multiplicative model Xt = mt × st × Wt .Let Yt denote the time series of logarithms: Yt =log Xt .Then
  • Yt =log Xt
  • Yt= log(mt × st × Wt)
  • Yt= log mt +log st +log Wt .
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Flashcard 150890360

Tags
#m249 #mathematics #open-university #statistics #time-series
Question
Consider the multiplicative model Xt = mt × st × Wt .Let Yt denote the time series of logarithms: Yt =log Xt .Then
  • Yt =log Xt
  • Yt= log(mt × st × Wt)
  • Yt= [...] .
Answer
log mt +log st +log Wt

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Consider the multiplicative model X t = m t × s t × W t .Let Y t denote the time series of logarithms: Y t =log X t .Then Y t =log X t Y t = log(m t × s t × W t ) Y t = log m t +log s t +log W t .

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#m249 #mathematics #open-university #statistics #time-series
if a multiplicative model is appropriate for the time series Xt , then an additive model is appropriate for the time series of logarithms, Yt =log Xt .
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Flashcard 150890373

Tags
#m249 #mathematics #open-university #statistics #time-series
Question
if a [...] model is appropriate for the time series Xt , then an additive model is appropriate for the time series of logarithms, Yt =log Xt .
Answer
multiplicative

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if a multiplicative model is appropriate for the time series X t , then an additive model is appropriate for the time series of logarithms, Y t =log X t .

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Flashcard 150890379

Tags
#m249 #mathematics #open-university #statistics #time-series
Question
if a multiplicative model is appropriate for the time series Xt , then [...] model is appropriate for the time series of logarithms, Yt =log Xt .
Answer
an additive

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if a multiplicative model is appropriate for the time series X t , then an additive model is appropriate for the time series of logarithms, Y t =log X t .

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Flashcard 150890385

Tags
#m249 #mathematics #open-university #statistics #time-series
Question
if a multiplicative model is appropriate for the time series Xt , then an additive model is appropriate for the time series of logarithms, Yt = [...] .
Answer
log Xt

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if a multiplicative model is appropriate for the time series X t , then an additive model is appropriate for the time series of logarithms, Y t =log X t .

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#m249 #mathematics #open-university #statistics #time-series
by taking logarithms, a time series for which a multiplicative model is appropriate can be transformed into a time series for which an additive model is appropriate.
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Flashcard 150890398

Tags
#m249 #mathematics #open-university #statistics #time-series
Question
by [...], a time series for which a multiplicative model is appropriate can be transformed into a time series for which an additive model is appropriate.
Answer
taking logarithms

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by taking logarithms, a time series for which a multiplicative model is appropriate can be transformed into a time series for which an additive model is appropriate.

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#m249 #mathematics #open-university #statistics #time-series
Transformations of time series that are commonly used include the power transformations:
Yt = Xta , where a = ... 1/4, 1/3, 1/2, 2, 3, 4, ....
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Flashcard 150890411

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#m249 #mathematics #open-university #statistics #time-series
Question
Transformations of time series that are commonly used include the power transformations:
Yt = [...] , where a = ... 1/4, 1/3, 1/2, 2, 3, 4, ....
Answer
Xta

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Transformations of time series that are commonly used include the power transformations: Y t = X t a , where a = ... 1/4, 1/3, 2, 3, 4, ....

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Flashcard 150890417

Tags
#m249 #mathematics #open-university #statistics #time-series
Question
Transformations of time series that are commonly used include the power transformations:
Yt = Xta , where a = [...].
Answer
... 1/4, 1/3, 1/2, 2, 3, 4, ...

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Transformations of time series that are commonly used include the power transformations: Y t = X t a , where a = ... 1/4, 1/3, 2, 3, 4, ....

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#m249 #mathematics #open-university #statistics #time-series
A simple moving average (or just a moving average) of order (or span) 11 can be written as Yt = \(\large \frac{1}{11}\)(Xt−5 + ···+ Xt + ···+ Xt+5 )
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Flashcard 150890430

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#m249 #mathematics #open-university #statistics #time-series
Question
A [...] of order (or span) 11 can be written as Yt = \(\large \frac{1}{11}\)(Xt−5 + ···+ Xt + ···+ Xt+5 )
Answer
simple moving average (or just a moving average)

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A simple moving average (or just a moving average) of order (or span) 11 can be written as Y t = 111(X t−5 + ···+ X t + ···+ X t+5 )

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Flashcard 150890436

Tags
#m249 #mathematics #open-university #statistics #time-series
Question
A simple moving average (or just a moving average) of [...] 11 can be written as Yt = \(\large \frac{1}{11}\)(Xt−5 + ···+ Xt + ···+ Xt+5 )
Answer
order (or span)

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A simple moving average (or just a moving average) of order (or span) 11 can be written as Y t = 111(X t−5 + ···+ X t + ···+ X t+5 )

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Flashcard 150890442

Tags
#m249 #mathematics #open-university #statistics #time-series
Question
A simple moving average (or just a moving average) of order (or span) 11 can be written as Yt = [...]
Answer
Yt = \(\large \frac{1}{11}\)(Xt−5 + ···+ Xt + ···+ Xt+5 )

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A simple moving average (or just a moving average) of order (or span) 11 can be written as Y t = 111(X t−5 + ···+ X t + ···+ X t+5 )

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#m249 #mathematics #open-university #statistics #time-series
For the purpose of smoothing time series, only moving averages for which the order is an odd number will be used. These are said to be centred on the middle value.
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Flashcard 150890455

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#m249 #mathematics #open-university #statistics #time-series
Question
For the purpose of smoothing time series, only moving averages for which the order is an odd number will be used. These are said to be [...] on the middle value.
Answer
centred

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For the purpose of smoothing time series, only moving averages for which the order is an odd number will be used. These are said to be centred on the middle value.

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#m249 #mathematics #open-university #statistics #time-series
With a suitable degree of smoothing — that is, with a suitable choice of the order of the moving average — the moving average provides an estimate of the trend component mt ; this is denoted \(\hat{m_t}\)
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Flashcard 150890471

Tags
#m249 #mathematics #open-university #statistics #time-series
Question
With a suitable degree of smoothing — that is, with a suitable choice of the order of the moving average — the moving average provides [...] of the trend component mt ; this is denoted \(\hat{m_t}\)
Answer
an estimate

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With a suitable degree of smoothing — that is, with a suitable choice of the order of the moving average — the moving average provides an estimate of the trend component m t ; this is denoted mt^

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