Hi, I am taking a class that requires completion of a textbook chapter's length of research on anything. My background is statistics and computer science (fourth year). I am planning to write about mathematics applied to finance due to interest and possible use in future career that is finance-related. However, I feel directionless even after browsing sub-topics in mathematical finance on Wikipedia. I have read 2 papers, one on market making and the other, Portfolio Selection by H Markowitz, (1952) but feel overwhelmed because how does one produce a novel idea in under half a year?
Portfolio optimization using Bayesian statistics to obtain point estimates of mean and variance seems interesting for now. Open to more ideas/topics for inspiration.
Also, any tips for how I should tackle research?
I am willing to learn anything. Work due in, say, 2 months.