PRMIA 8007 Certification Exam is a computer-based exam and is administered by Prometric, a leading provider of computer-based testing services. 8007 exam consists of 90 multiple-choice questions that must be completed within a three-hour time frame. 8007 exam is graded on a scale of 0-1000, and a score of 650 or higher is required to pass.
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PRMIA 8007 Exam is one of the most prestigious certifications in the field of risk management. 8007 exam is designed to test the candidate's ability to understand and apply mathematical concepts, including probability theory, statistics, calculus, and linear algebra. Exam II: Mathematical Foundations of Risk Measurement - 2015 Edition certification exam is recognized by leading financial institutions, investment banks, and consulting firms worldwide.
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PRMIA 8007 Exam Syllabus Topics:
| Section | Objectives |
| Statistical Analysis | - Descriptive and Inferential Statistics
- 1. Hypothesis Testing
- 2. Moments and Distributions
- 3. Maximum Likelihood Estimation
- 4. Confidence Intervals
|
| Calculus | - Differential and Integral Calculus
- 1. Functions and Limits
- 2. Integration
- 3. Differentiation
- 4. Multivariable Calculus
|
| Numerical Methods | - Quantitative Techniques
- 1. Monte Carlo Methods
- 2. Optimization Methods
- 3. Numerical Approximation
- 4. Simulation Techniques
|
| Linear Algebra | - Matrix Methods
- 1. Covariance Matrices
- 2. Eigenvalues and Eigenvectors
- 3. Positive Definiteness
- 4. Matrix Operations
|
| Regression and Time Series Analysis | - Modeling Techniques
- 1. Linear Regression
- 2. Multivariate Regression
- 3. Model Diagnostics
- 4. Time Series Forecasting
|
| Risk Measurement Applications | - Quantitative Risk Analysis
- 1. Sensitivity Analysis
- 2. Volatility Modeling
- 3. Value at Risk Methodologies
- 4. Portfolio Risk Measurement
|
| Probability Theory | - Fundamental Probability Concepts
- 1. Bayes' Theorem
- 2. Probability Rules
- 3. Random Variables
- 4. Conditional Probability
|