The stats package of R contains the daily closing prices of four major European stock indices; type help(EuStockMarkets) for details. Fit a GARCH model to the returns of one of these series and discuss your findings. (Note: The data set contains actual values, and not returns. Hence, the data must be transformed prior to the model fitting.

5.8 The stats package of R contains the daily closing prices of four major Eu- ropean stock indices; type help (EuStockMarkets) for details. Fit a GARCH model to the returns of one of these series and discuss your findings. (Note: The data set contains actual values, and not returns. Hence, the data must be transformed prior to the model fitting.)