Wiley Study Guide for 2015 Level II CFA Exam: Complete Set

1285 Pages·2015·5.95 MB·English

Wiley Study Guide for
2015 Level II CFA Exam
Volume 1: Ethics & Quantitative Methods
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Wiley Study Guide for
2015 Level II CFA Exam
Volume 1: Ethics & Quantitative Methods
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ISBN 978-1-11903256-4
Contents
Study Session 1: Ethical and Professional Standards 1
Reading 1: Code of Ethics and Standards of Professional Conduct 3
Lesson 1: Code of Ethics and Standards of Professional Conduct 3
Reading 2: Guidance for Standards I-VII 9
Lesson 1: Standard I: Professionalism 9
Lesson 2: Standard II: Integrity of Capital Markets 33
Lesson 3: Standard III: Duties to Clients 43
Lesson 4: Standard IV: Duties to Employers 66
Lesson 5: Standard V: Investment Analysis, Recommendations and Actions 80
Lesson 6: Standard VI: Conficts of Interest 92
Lesson 7: Standard VII: Responsibilities as a CFA Institute Member
or CFA Candidate 102
Reading 3: CFA Institute Research Objectivity Standards 111
Lesson 1: CFA Institute Research Objectivity Standards 111
Study Session 2: Ethical and Professional Standards—Application
Reading 4: The Glenarm Company 121
Lesson 1: The Glenarm Company 121
Reading 5: Preston Partners 123
Lesson 1: Preston Partners 123
Reading 6: Super Selection 125
Lesson 1: Super Selection 125
Reading 7: Trade Allocation: Fair Dealing and Disclosure 129
Lesson 1: Trade Allocation: Fair Dealing and Disclosure 129
Reading 8: Changing Investment Objectives 131
Lesson 1: Changing Investment Objectives 131
Study Session 3: Quantitative Methods for Valuation
Reading 9: Correlation and Regression 135
Lesson 1: Correlation Analysis 135
Lesson 2: Linear Regression 142
Lesson 3: The Standard Error of Estimate, Coefcient of Determination,
Hypothesis Testing and ANOVA 147
Lesson 4: Prediction Intervals and Limitations of Regression Analysis 157
© 2015 Wiley V
CONTENTS
Reading 10: Multiple Regression and Issues in Regression Analysis 161
Lesson 1: Multiple Linear Regression 161
Lesson 2: The F-stat, R2, ANOVA and Dummy Variables 167
Lesson 3: Violations of Regression Assumptions 174
Lesson 4: Errors in Specifcation and Qualitative Dependent Variables 184
Reading 11: Time-Series Analysis 189
Lesson 1: Trend Models 189
Lesson 2: Autoregressive (AR) Time Series Models 195
Lesson 3: Random Walks and Unit Roots 202
Lesson 4: Seasonality, ARCH Models, Regressions with More Than One Time Series 209
VI © 2015 Wiley
Study Session 1: Ethical and
Professional Standards
© 2015 Wiley