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The CAPM exam is based on the A Guide to the Project Management Body of Knowledge, colloquially known as "The PMBOK Guide". [2] The Certified Associate in Project Management (CAPM) Credential Handbook, [2] notes the distribution of questions from the PMBOK: Chapter 1 "Introduction to Project Management" (6%) Chapter 2 "Project Environment" (6%)
Its website archived more than 500 PMP Exam questions accessible to all. PMHuB maintains around 25 PMP, Project Management and CAPM forums. [ 1 ] The most commonly visited forums are: Lessons Learned/exam tips and Tricks, CAPM and the PMHub Discussions on PMP Certification Yahoogroup Forum (which archived more than 20,000 questions and answers ...
An estimation of the CAPM and the security market line (purple) for the Dow Jones Industrial Average over 3 years for monthly data.. In finance, the capital asset pricing model (CAPM) is a model used to determine a theoretically appropriate required rate of return of an asset, to make decisions about adding assets to a well-diversified portfolio.
From statement 1, validity of the CAPM is equivalent to the market being mean-variance efficient with respect to all investment opportunities. Without observing all investment opportunities, it is not possible to test whether this portfolio, or indeed any portfolio, is mean-variance efficient. Consequently, it is not possible to test the CAPM.
The CAPM can be derived from the following special cases of the CCAPM: (1) a two-period model with quadratic utility, (2) two-periods, exponential utility, and normally-distributed returns, (3) infinite-periods, quadratic utility, and stochastic independence across time, (4) infinite periods and log utility, and (5) a first-order approximation ...
The exam is closed-book; no reference materials are allowed. Five of the 180 questions on the exam are "sample" questions used to fine-tune the degree of difficulty and precision of the exam and as such are not counted for or against a test taker. These questions are placed randomly throughout the exam. The test taker is only graded on their ...
The Fama–MacBeth regression is a method used to estimate parameters for asset pricing models such as the capital asset pricing model (CAPM). The method estimates the betas and risk premia for any risk factors that are expected to determine asset prices.
In 2015, Fama and French extended the model, adding a further two factors — profitability and investment. Defined analogously to the HML factor, the profitability factor (RMW) is the difference between the returns of firms with robust (high) and weak (low) operating profitability; and the investment factor (CMA) is the difference between the returns of firms that invest conservatively and ...