Level 1 Chartered Financial Analyst (CFA ®): Conditional, unconditional and joint probabilities
Session 2, Reading 9 (Part 1): In terms of this CFA playlist, we are still in the early quantitative methods or the foundations of quantitative methods. In the previous video, I reviewed some basic statistical concepts and now I follow that up with a review of some basic or foundational probability concepts. We want to hit the four topics in this video starting with definitions. We want to get off on the right foot in terms of defining our concepts, including the distinction between an event and an outcome. We also want to formally define what it means to be a probability so that when we refer to a random variable, we have properly characterized that random variable with a probability or a probability distribution. We have some important definitions in conditional versus unconditional probability and also joint probability. Then I'll show you my favorite way to wrap these all together.
💡Discuss this video here in our forum: https://trtl.bz/2xR8JvY.
👉 Subscribe here https://www.youtube.com/c/bionicturtl...
to be notified of future tutorials on expert finance and data science, including the Financial Risk Manager (FRM), the Chartered Financial Analyst (CFA), and R Programming!
❓ If you have questions or want to discuss this video further, please visit our support forum (which has over 50,000 members) located at http://bionicturtle.com/forum
🐢 You can also register as a member of our site (for free!) at https://www.bionicturtle.com/register/
📧 Our email contact is [email protected] (I can also be personally reached at [email protected])
For other videos in our Financial Risk Manager (FRM) series, visit these playlists:
Texas Instruments BA II+ Calculator
• Texas Instruments BA II+ Calculator
Risk Foundations (FRM Topic 1)
• Risk Foundations (FRM Topic 1)
Quantitative Analysis (FRM Topic 2)
• Quantitative Analysis (FRM Topic 2)
Financial Markets and Products: Intro to Derivatives (FRM Topic 3, Hull Ch 1-7)
• Financial Markets and Products: Intro to D...
Financial Markets and Products: Option Trading Strategies (FRM Topic 3, Hull Ch 10-12)
• Financial Markets and Products: Option Tra...
FM&P: Intro to Derivatives: Exotic options (FRM Topic 3)
• FM&P: Intro to Derivatives: Exotic options...
Valuation and Risk Models (FRM Topic 4)
• Valuation and RIsk Models (FRM Topic 4)
Coming Soon ....
Market Risk (FRM Topic 5)
Credit Risk (FRM Topic 6)
Operational Risk (FRM Topic 7)
Investment Risk (FRM Topic 8)
Current Issues (FRM Topic 9)
For videos in our Chartered Financial Analyst (CFA) series, visit these playlists:
Chartered Financial Analyst (CFA) Level 1 Volume 1
• Level 1 Chartered Financial Analyst (CFA ®...
#bionicturtle #finance #charteredfinancialanalyst #CFA #finance #expertfinance
Our videos carefully comply with U.S. copyright law which we take seriously. Any third-party images used in this video honor their specific license agreements. We occasionally purchase images with our account under a royalty-free license at 123rf.com (see https://www.123rf.com/license.php); we also use free and purchased images from our account at canva.com (see https://about.canva.com/license-agree.... In particular, the new thumbnails are generated in canva.com. Please contact [email protected] or [email protected] if you have any questions, issues or concerns.