Verla The CFA Institute defines the body of knowledge (BOK) as “the set of topics tested on the CFA Program exam.” The CFA Institute Standards of Practice Handbook also uses the term “body of knowledge” to refer to the body of ethical and professional standards that CFA Institute members are expected to know and follow. Can … Read more
A utility revenue bond is a type of municipal bond that is issued by a public utility in order to finance its operations. The bonds are typically issued by the utility’s parent company, and the proceeds from the sale of the bonds are used to finance the utility’s capital expenditures. The bonds are typically secured … Read more
A flash crash is a sudden, dramatic drop in stock prices. It is named for the way prices seem to “crash” in a short period of time. A flash crash can happen when there is a sudden sell-off of stocks, or when there is a sudden change in the way traders value stocks. Flash crashes … Read more
T-Test: Multiple Formulas and When To Use Them What is the difference between ANOVA and t-test? Both ANOVA and t-test are statistical methods used to compare two or more groups. ANOVA is used to compare groups when the dependent variable is continuous and the groups have equal variances. t-test is used to compare groups when … Read more
