II.3.1 INTRODUCTIONII.3.2 VARIANCE AND VOLATILITYII.3.3 COVARIANCE AND CORRELATIONII.3.4 EQUALLY WEIGHTED AVERAGESII.3.5 PRECISION OF EQUALLY WEIGHTED ESTIMATESII.3.6 CASE STUDY: VOLATILITY AND CORRELATION OF US TREASURIESII.3.7 EQUALLY WEIGHTED MOVING AVERAGESII.3.8 EXPONENTIALLY WEIGHTED MOVING AVERAGESII.3.9 SUMMARY AND CONCLUSIONS