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QUESTION TWO (20 MARKS) The figure below depicts the daily returns of the Wilshire 5000 Total Market Index from 10 Nov 2017 to 10 Nov

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QUESTION TWO (20 MARKS) The figure below depicts the daily returns of the Wilshire 5000 Total Market Index from 10" Nov 2017 to 10" Nov 2022. Describe any three stylized facts that you can observe visually from the plot (12 marks) 0142017 0152010 010 2020 0142021 observation Hate The table below shows the results of granger causality testing between the differences of the of the natural logy of investment, income and comsumption. Describe the output of the table. (5 marks) Granger chunality Wald tenta Equation Ear luded if r Prob din inv uin_ inc ile_consump 1. 6004 iin inv ALL i in inc uln inv In_ inc din_connump 1 . FIn4 din_inc ALL 0. 1130 din consump din inv 0.3830 din_consuop 6. 1405 0. 0036 ALL 3. 7746 0.0080 b. Is this output in tandem with you're a prior expectations? Explain your answer in detail

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