2. Next, consider the estimated global minimum variance portfolio (point labeled Global Min). The estimated portfolio weights if! have estimation error, and the estimated expected return pm = l' and volatility 6me = (l'i'lwz also have estimation error. The magnitude of these estimation errors can be quantied using the bootstrap. The gure below, shows 500 bootstrap estimates of the pair (Ohm: ppm). Using this diagram, briey discuss the estimation error in the pair (6pm, (1am)- Consider again the portfolio risk-return information from part III illustrated below. Efficient Frontier 0.010 0.012 . . vfinx 0.008 Global Ming .... voltx 0.006 Portfolio ER 0.004 0.002 vpacx 0.000 0.00 0.01 0.02 0.03 0.04 Portfolio SD