Not convinced by the normal distribution assumption, create a frequency bar chart of the daily exchange rates
Question:
Not convinced by the normal distribution assumption, create a frequency bar chart of the daily exchange rates for the GBPEUR and GBPUSD exchange rates from the downloaded data.
a What do you notice that does not seem to fit with the notion of normal distributions?
b You test the daily correlation over 30 days and see that it varies from about 0.2 to about 0.52. How would this affect your calculations?
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Kirti Kaushal
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