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Annotation 149672505

#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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Annotation 149672512

#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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last reprioritisation on		suggested re-reading day
started reading on		finished reading on

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Flashcard 150890191

Tags

#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

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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

Tags

#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

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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

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Flashcard 150890219

Tags

#finance #steiner-mastering-financial-calculations-3ed

Question

Therefore a [buyer or seller?] of a FRA will profit if the interest rate rises

Answer

buyer

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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

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Flashcard 150890228

Tags

#finance #steiner-mastering-financial-calculations-3ed

Question

Therefore a buyer of a [FRA or future?] will profit if the interest rate rises

Answer

FRA

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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

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Flashcard 150890240

Tags

#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

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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.

Original toplevel document (pdf)

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Flashcard 150890246

Tags

#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

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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.

Original toplevel document (pdf)

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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

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Parent (intermediate) annotation

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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

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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

Tags

#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

status	not learned	measured difficulty	37% [default]	last interval [days]
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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

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Parent (intermediate) annotation

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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.

Original toplevel document (pdf)

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Flashcard 150890308

Tags

#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

status	not learned	measured difficulty	37% [default]	last interval [days]
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scheduled repetition interval		last repetition or drill

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Flashcard 150890314

Tags

#finance #steiner-mastering-financial-calculations-3ed

Question

Answer

two working days before the third Wednesday

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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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Annotation 150890320

#m249 #mathematics #open-university #statistics #time-series

In additive decomposition model, the seasonal ﬂuctuations are of roughly the same size whether the level m_t is large or small.

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Annotation 150890332

#m249 #mathematics #open-university #statistics #time-series

in multiplicative decomposition model, the size of the seasonal ﬂuctuations is proportional to m_t

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Annotation 150890341

#m249 #mathematics #open-university #statistics #time-series

in multiplicative decomposition model, the size of the irregular ﬂuctuations is proportional to m_t × s_t

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Annotation 150890350

#m249 #mathematics #open-university #statistics #time-series

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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Flashcard 150890360

Tags

#m249 #mathematics #open-university #statistics #time-series

Question

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= [...] .

Answer

log m_t +log s_t +log W_t

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scheduled repetition interval		last repetition or drill

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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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Annotation 150890366

#m249 #mathematics #open-university #statistics #time-series

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 150890373

Tags

#m249 #mathematics #open-university #statistics #time-series

Question

if a [...] 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 .

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 X_t , then [...] model is appropriate for the time series of logarithms, Y_t =log X_t .

Answer

an additive

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repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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 X_t , then an additive model is appropriate for the time series of logarithms, Y_t = [...] .

Answer

log X_t

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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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Annotation 150890394

#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

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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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Annotation 150890404

#m249 #mathematics #open-university #statistics #time-series

Transformations of time series that are commonly used include the power transformations:
Y_t = X_t^a , where a = ... 1/4, 1/3, 1/2, 2, 3, 4, ....

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Flashcard 150890411

Tags

#m249 #mathematics #open-university #statistics #time-series

Question

Transformations of time series that are commonly used include the power transformations:
Y_t = [...] , where a = ... 1/4, 1/3, 1/2, 2, 3, 4, ....

Answer

X_t^a

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scheduled repetition interval		last repetition or drill

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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:
Y_t = X_t^a , where a = [...].

Answer

... 1/4, 1/3, 1/2, 2, 3, 4, ...

status	not learned	measured difficulty	37% [default]	last interval [days]
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scheduled repetition interval		last repetition or drill

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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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Annotation 150890423

#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 Y_t = \(\large \frac{1}{11}\)(X_t−5 + ···+ X_t + ···+ X_t+5 )

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Flashcard 150890430

Tags

#m249 #mathematics #open-university #statistics #time-series

Question

A [...] of order (or span) 11 can be written as Y_t = \(\large \frac{1}{11}\)(X_t−5 + ···+ X_t + ···+ X_t+5 )

Answer

simple moving average (or just a moving average)

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repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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 Y_t = \(\large \frac{1}{11}\)(X_t−5 + ···+ X_t + ···+ X_t+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 Y_t = [...]

Answer

Y_t= \(\large \frac{1}{11}\)(X_t−5 + ···+ X_t + ···+ X_t+5 )

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

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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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Annotation 150890451

#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

Tags

#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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scheduled repetition interval		last repetition or drill

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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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Annotation 150890461

#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 m_t ; 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 m_t ; 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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