Historical projection, and causal forecasting models

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Explain why transport rates typically vary by 1) the weight of the shipment; 2) the distance a shipment is transported; and 3) the value of the transport service. Provide an example of how these variables affect a shipping rate.

Contrast qualitative, historical projection, and causal forecasting models. What are the strengths and weaknesses of each of these models?

Reference no: EM13777258

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