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In order to pass your P1 objective test, you'll need to demonstrate a strong understanding of key decision models. These include the minimax model, which can be used to make calculations about regret and which is very likely to appear during your P1 exam.
In this video, Astranti expert Tom Marlowe breaks down an exam-style question using the minimax decision model. By following Tom as he walks through how to answer this question, he can help you understand:
+The kind of minimax questions you may encounter in your exam
+What the minimax model is and how it is used
+How to calculate minimax figures from data sets
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If you found this question breakdown helpful, why not watch another? Astranti's 100 Questions video series contains offers a comprehensive breakdown of exam-style questions just like this for every CIMA objective test exam. If you want to maximise your understanding of the questions you will face in your exam, make sure to check out the full video series below:
Operational - www.astranti.c...
Management - www.astranti.c...
Strategic - www.astranti.c...
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