Project Requirements Your project report should contain all the following SIX sections. Section 1. Choose ONE of the following series from WDI as the dependent variable: . Exports of goods and services (Bop, current US$) . Exports of goods and services as a percentage of GDP . Imports of goods and services (BeP, current US$) . Imports of goods and services as a percentage of GDP . Foreign direct investment, net inflows (BeP, current US$) . Foreign direct investment, net inflows as a percentage of GDP . Foreign direct investment, net outflows (BoP, current US$) . Foreign direct investment, net outflows as a percentage of GDP . Current account balance (Bop, current US$) . Current account balance as a percentage of GDP Section 1. Choose ANY FOUR series (EXCEPT the ones in Section 1 above) from WDI as independent variables. Section 3. Collect data on the dependent and independent variables of at least 15 countries over a sample period of 10 years, ie. your sample should have at least 150 country-year observations. In a table in the REPORT, provide a list of the sample countries, the sample period, the sample mean and the sample standard deviation for each of the five variables. (3 marks) Section 4. Set a hypothesis for the effect of each independent variable on the dependent variable (ie , four hypotheses). You need to provide relevant explanations theories to justify each hypothesis. Use of any external source for justification should be cited. (16 marks) Section 5. Using the data collected, estimate a fixed-effect model by using Excel (remember to adjust all variables through each individual country mean correction). Report the main findings in a table. (5 marks) Section 6. Based on the findings, test for the hypotheses one by one. For each hypothesis, explain why it is either supported or not supported by the findings. (6 marks)