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What types of independent variables might be used

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Question:

Forecasting Models

Discussion Question 1: Which forecasting techniques do you think should be used in calculating fuel prices? Time series models? Qualitative models? In casual modeling, what types of independent variables might be used? Justify your answer.

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REFERENCE

Bozarth, C.C. and Handfield, R.B. (2012). Introduction to operations and supply chain management (3rd ed.). Upper Saddle River, New Jersey: Pearson Prentice Hall.

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Solution which has answer for one question related to the methods of forecasting the fuel prices. The answer has been provided in 100 words and all the information provided In the solution are correct and complete as per my knowledge.

Reference no: EM131132643

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