The file taq-aa-t-june7t112010. txt contains the transactions data of Alcoa stock from June 7 to June 11,

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The file taq-aa-t-june7t112010. txt contains the transactions data of Alcoa stock from June 7 to June 11, 2010. Focus on the transactions during the normal trading hours. Consider the number of transactions within a 5-min time interval. Denote the resulting series by \(x_{t}\). Is there any diurnal pattern in \(x_{t}\) ? Why?

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