3. The parameters of a GARCH(1,1) model are estimated as o=0.000004, a=0.05, and B=0.92. What is the long- run average volatility and what is the equation describing the way that the variance rate reverts to its long-run average? If the current volatility is 20% per year, what is the expected volatility in 20 days 2. Suppose that observations on an exchange rate at the end of the past 11 days have been 0.7000, 0.7010, 0.7070, 0.6999, 0.6970, 0.7003, 0.6951, 0.6953, 0.6934, 0.6923, and 0.6922. Estimate the daily volatility using both approaches in Section 10.5. 3. The parameters of a GARCH(1,1) model are estimated as o=0.000004, a=0.05, and B=0.92. What is the long- run average volatility and what is the equation describing the way that the variance rate reverts to its long-run average? If the current volatility is 20% per year, what is the expected volatility in 20 days 2. Suppose that observations on an exchange rate at the end of the past 11 days have been 0.7000, 0.7010, 0.7070, 0.6999, 0.6970, 0.7003, 0.6951, 0.6953, 0.6934, 0.6923, and 0.6922. Estimate the daily volatility using both approaches in Section 10.5