An older text (e.g., Gujarati for statistics) is not necessarily inferior to the newer text (e.g., Miller for statistics). Because the emphasis is on concepts and knowledge, the current set of readings will have various levels of importance some new readings will be critical to the current exam, but some readings will offer lower relevance because their topic hasn’t really “seasoned” into the exam fully or is currently esoteric.įor example, the topic of statistics (in Quantitative methods) has contained essentially the same topics in recent years, although there have been three different texts assigned. ![]() The FRM does not necessarily reward memorization. This can be a point of confusion for some candidates who expect to succeed with memorization. Why? Because GARP actually tests the key concepts and knowledge areas associated with each section within the FRM. Please notice that, strictly speaking, GARP’s readings are recommended, not required. Our Study Notes are summaries of the readings which GARP recommends for the current FRM exam.
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