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I’d like some understanding what’s expected from P3 students in terms calculations in the exam. I’m self studying the course for the December 2015 sitting (1st time) and I don’t know if I would need to carry out a detailed time series or regression analysis in the exam.
Is it more likely that the numbers would already have been calculated and the results need to be interpreted or might I need to number crunch as well? Any help in my understanding would be much appreciated.
With respect to times series and linear regression, the results of an analysis would be given to you (you won’t be sitting for 15 minutes working out moving averages!) and you would be expected to use these results to analyse and predict the future. Be aware of the limitations in the methods.
If you download the P3 exam analysis form here:
https://opentuition.com/articles/p3/acca-p3-exam-analysis/
you can see questions both by exam and by subject. Time series and regression are under ‘Forecasting’.
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