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(b) Briefly explain the following concepts. (i) Applying a functional transformation to the data such as logarithmic or a Box-Cox trans- formation. (ii) Return

(b) Briefly explain the following concepts. (i) Applying a functional transformation to the data such as logarithmic or a Box-Cox trans- formation. (ii) Return of a financial instrument. (iii) Conditional heteroscedasticity. (2) (2) (2)

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