8) The following are the graphs of Nifty Index values and Nifty Return (in percentage) over one calendar 10 year: Page 2 of 3 Index 15.000 Return 14,000 * Men 13.000 wand 12.000 -1 11.000 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 2017 -2 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 2017 What do you understand by the notion of Stationarity? Do you believe that Nifty Index values exhibit stationarity? Does Nifty Return also behave in the same manner? How would you test this phenomenon? When does Stationarity gets violated? What are the consequences of such violation? 8) The following are the graphs of Nifty Index values and Nifty Return (in percentage) over one calendar 10 year: Page 2 of 3 Index 15.000 Return 14,000 * Men 13.000 wand 12.000 -1 11.000 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 2017 -2 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 2017 What do you understand by the notion of Stationarity? Do you believe that Nifty Index values exhibit stationarity? Does Nifty Return also behave in the same manner? How would you test this phenomenon? When does Stationarity gets violated? What are the consequences of such violation