demonstrate that the VIX (Volatility Index) is a good proxy for the illiquidity of a security, such as common stock, we need to establish a relationship between market volatility and illiquidity.

your ndings are cumulative, so feel free to use any data set you chose and graphed to address any of the following challenges such as (nancing, collateral, volatility, correlation, leverage, non-linearity, liquidity, regulation)

the answers must have reference documents [books, literature, website etc.]

refer to the attached "step 6. Describe how the data can help to meet the challenge"