Question: can you help ? be specific so I can learn when doing similar problems. Calculate 98% and 99% VaR at the 1 and 10 day
can you help ? be specific so I can learn when doing similar problems.

Calculate 98% and 99% VaR at the 1 and 10 day horizon for the S\&P 500 given the EMA volatility forecast provided below under the assumption of normality (and zero mean). Discuss. Calculate and discuss the 99% ES assuming normality of the returns. The formula is ESt+11=2.643t+1
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