Page 1 Frm Part I Book 2: Quantitative Analysis... May 2026

Stationary and non-stationary series (AR, MA, ARMA models) and simulation techniques like Monte Carlo and bootstrapping.

A "hot topic" for examiners, used to update prior probabilities as new information becomes available. Page 1 FRM PART I BOOK 2: QUANTITATIVE ANALysis...

As you begin with the first reading ( Fundamentals of Probability ), prioritize these high-yield concepts that GARP frequently tests: Stationary and non-stationary series (AR, MA, ARMA models)

is a foundational pillar of the FRM Part I curriculum, accounting for 20% of the exam . This book transitions from general risk theory to the mathematical toolkit used to identify and manage risk, starting with Chapter 1: Fundamentals of Probability . Guide to Quantitative Analysis (Book 2) 1. Core Subject Areas Stationary and non-stationary series (AR

Sample moments, the Central Limit Theorem (CLT), and hypothesis testing (z-tests and t-tests).