Has volatility been researched in this way in the past that you're aware of?

Yeah, it has a little bit.

So volatility in general has been researched extensively for a very long time.

So people have always been interested in volatility and how prices change over time.

Now, one thing is traditionally people have used standard statistical procedures, a lot of things that we call in economics time series economics or econometrics.

Now, the methods that we use in our project are not those standard procedures.

And take a step back.

So how did you tell me about your research? How did you go and try and separate those two things? Volatility created by the market itself for those in the market versus outside or external influences?