# on 28-Apr-2015 (Tue)

#### 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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#### 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.
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.
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

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

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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
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.

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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.
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 [...].
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

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

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#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.
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

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.
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

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 spot value (such as EURIBOR or CHF LIBOR), this is [relate to specific day of week].
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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#### 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 mt 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 mt

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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 mt × st

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#### Annotation 150890350

 #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= [...] .
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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#### Annotation 150890366

 #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 .
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 .

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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 = [...] .
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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#### 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.
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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#### Annotation 150890404

 #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

Tags
#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, ....
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 = [...].
... 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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#### 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 Yt = $$\large \frac{1}{11}$$(Xt−5 + ···+ Xt + ···+ Xt+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 Yt = $$\large \frac{1}{11}$$(Xt−5 + ···+ Xt + ···+ Xt+5 )
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 )
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 = [...]
Yt = $$\large \frac{1}{11}$$(Xt−5 + ···+ Xt + ···+ Xt+5 )

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#### Parent (intermediate) annotation

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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.
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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#### 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 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 $$\hat{m_t}$$