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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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#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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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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

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

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

scheduled repetition interval | last repetition or drill |

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

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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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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

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] | |||
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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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

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] | |||
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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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

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] | |||
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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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.

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] | |||
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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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.

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] | |||
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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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.

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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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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

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

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scheduled repetition interval | last repetition or drill |

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

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] | |||
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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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.

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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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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.

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].

Answer

two working days before the third Wednesday

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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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>

#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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#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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#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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#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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last reprioritisation on | reading queue position [%] | |||

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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}

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

scheduled repetition interval | last repetition or drill |

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 .

#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} .

status | not read | reprioritisations | ||
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last reprioritisation on | reading queue position [%] | |||

started reading on | finished reading on |

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#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

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

scheduled repetition interval | last repetition or drill |

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 .

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

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 |

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 .

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 |

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 .

#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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#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] | |||
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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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.

#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, ....

Y

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#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, ....

Y

Answer

X_{t}^{a}

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

scheduled repetition interval | last repetition or drill |

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, ....

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 = [...].

Y

Answer

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

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

scheduled repetition interval | last repetition or drill |

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, ....

#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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#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)

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

scheduled repetition interval | last repetition or drill |

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 )

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)

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 |

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 )

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 |

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 )

#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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#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

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

scheduled repetition interval | last repetition or drill |

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.

#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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#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

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

scheduled repetition interval | last repetition or drill |

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^