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Incorporate feedback of P1, P2, and write a report.
The Unite outline also shows that the project is to describe the research project incorporating the feedback received.
The project should include the following parts. “Feasibility and originality of our proposed research”, “OLS model and bias referring to the policy question”, “Identification strategy for the question that resolving the defects of an OLS”, “potential limitations, extensions, and implications”.
You can devote only one sentence with one high-quality (well-selected) reference to revise the literature review. If the work is precise and concise, that is as much as you need.
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