Last year there was a question which was "Can Item Response theory be called a latent trade theory? Describe the mathematical functions that are used in this theory and explain the various
models related to the theory."
Although this was a newly added area of syllabus but a full fleged 60 mark question was not expected(at least i didn't expected) I was looking on the net for a answer and now only have i got a some what good material to answer the question.
I have fowarded the material to my friend Prashant and also I have had a look on the material .....I will come up with a answer most probably by evening it will be in layman terms and thus will help the persons without mathematical background also.
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