Forecasting Freight Transportation Rates with MIT’s Chris Caplice
The market for buying freight transportation services is complex and can be challenging to forecast. There are traditional statistical forecasting models, and there are models that use artificial intelligence. MIT Center for Transportation Logistics Executive Director Chris Caplice, PhD, recently discussed how the freight transportation market works as part of the Volpe Center’s 2018 series, Transportation in the Age of Artificial Intelligence and Predictive Analytics.