1. So in nutshell we create an implied volatility surface (including the math and a graph) with 1/Black 76, with 2/ HJM, 3/ then compare (or tweak with some subjective parameters as in the article I sent to you). 4/ Then used the historical implied volatilities to forecast economic events or to see if the change in the implied vol can be explained by different factors.
2. For point 4 we can not final at this stage we need model and extra charge between 50 to 100GBP top of this.
2. 6500 words report with analysis, graph and references.
Few points for avoiding delay and smooth operation:
1. Days 35+6 with 7 days flexibility , so total ( 41 to 48 days)
2. part wise update for 3 parts leaving final part as delivery.
3. After each part , we can proceed to next part with any changes if required based on your feedback and discussion as final. For feedback kindly take 2 days for each part ( so total 6 days for 3 parts, that is included in 41 days)
4. After proceeding to next chapter we can not look back to earlier chapter as we consider it final, but we may have little flexibility to maintain the flow between chapters.
5. We'll not wait more than 2 days for release of fund after final work.
Above points are helpful to avoid any misunderstanding only but still I request to bear any moments if rise in process. I try utmost to complete any project successfully whether for academic or Industry purpose. Support helps to go ahead :)
Thanks,
raiseq