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Below are the real data of the Nasdaq and the Bitcoin over a 4-day period. William would like you to help him calculate the 3-day

Below are the real data of the Nasdaq and the Bitcoin over a 4-day period. William would like you to help him calculate the 3-day average Amihud illiquidity measure in billions.

What conclusion you could obtain after calculating the Amihud measure?Bitcoin Date 2019/1/10 2019/1/11 2019/1/12 2019/1/13 Adj. Close Price Open High Low Volume 3995.325193 3981.94 4023.73 3965.9 

Bitcoin Date Adj.Close Price Open High Low Volume 2019/1/10 3995.325193 3981.94 4023.73 3965.98 18,160,000 3995.33 4025.53 3570.08 19,260,000 3617.27 3676.73 3572.67 16,880,000 2019/1/11 3617.346291 2019/1/12 3606.16489 2019/1/13 3611.528238 3609.13 3644.34 3564.63 15,190,000 Nasdaq Date Adj.Close Price Open High Low Volume 14/01/2019 6905.919922 6908.03 6936.22 6887.48 1,942,210,000 2,038,090,000 15/01/2019 7023.830078 6931.39 7025.85 6928.12 16/01/2019 7034.689941 7033.75 7079.63 7028.12 2,149,580,000 17/01/2019 7084.459961 7010.13 7113.95 7003.62 2,128,840,000

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