A financial institution needs to monitor the volatilities of market variables such as interest rates, exchange rates, equity prices, commodity prices, etc., on which the value of its portfolio depends. 1. This assignment requires choosing three financial assets and carefully monitoring their daily volatilities. 2. Estimate the parameters of your volatility models by considering EWMA and GARCH(1,1) as your volatility updating procedures. Use your models to forecast the daily volatilities of the chosen financial assets. 3. Compare the performance of the two models