CFA Level 2 Quantitative Methods Mock Test 2026

Quantitative Methods carries 5 to 10 percent of the CFA Level 2 examination. Level 2 is delivered entirely as item sets, so this area reaches you as vignettes with four questions each rather than as standalone problems, and the vignette will usually contain more information than any single question needs.

Level 2 quantitative methods is essentially a regression course. Multiple regression, and then everything that can go wrong with it: heteroskedasticity, serial correlation and multicollinearity, how each is detected, what each does to your coefficients and standard errors, and how each is corrected. Time series analysis, and the machine learning and big data readings, complete the area.

This free Set 1 paper is built as vignettes on the real Level 2 format, timed to the pace of the actual exam, with a full explanation on every answer and a report card showing which parts of the area are costing you marks.