My topic is “Maximum Likelihood” model, it would be better if relate it to finance.
The requirements are as follow: Research Requirement
The objective of the research assignment is to help bridge the gap between theory and practice to
derivatives valuation and risk management by getting students to research/examine how each
model covered in the course is used in practice. Follow the outline below as a guide:

1. State the Model and explain the key variables used.
2. What are the model assumptions?
3. What is the purpose of the model and what is it intended to achieve?
4. How is the model used and by whom?
5. What type of data does the model use?
6. What are the key model results?
7. What are the limitations of the model?
8. What are your key takeaways from studying this model?