Quantitative Analysis revision question and answers

 Quantitative Analysis revision question and answers This revision question and answers can be used for students pursuing the following Kasneb courses: Certified public accountants(CPA) Certified credit professionals(CCP) Certified investment and financial analysts(CIFA) Question 1 Define the following terms: Stochastic process: Answer A stochastic process arises whenever we have a series of events in which each…

Quantitative analysis CPA questions and answers

 Quantitative analysis CPA questions and answers Question Define the following terms: (i) Stochastic process Stochastic Process A stochastic process arises whenever we have a series of events in which each event is determined by chance. It is also known as probabilistic process. The development of a stochastic process, is governed by the laws of probability…