Question: Question 1 (Mandatory) (10 points) Service Explain why we see volatility clustering in so many financial data sets and why it occurs at both high

Question 1 (Mandatory) (10 points) Service Explain why we see volatility

Question 1 (Mandatory) (10 points) Service Explain why we see volatility clustering in so many financial data sets and why it occurs at both high (daily) and low (monthly/quarterly) frequency observations

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