The Major Justification for Cabotage Laws Was

question 3

Multiple Choice

The major justification for Cabotage laws was

• A)Reduce transportation uncertainty
• B)Reduce transportation cost
• C)Protect domestic shipping capacity
• D)Protect domestic infrastructure

---

Definitions:

Exponential Smoothing Model

A time series forecasting method that applies weighting factors which decrease exponentially to past observations.

Simple Exponential Smoothing

A time series forecasting method for univariate data that uses a weighted average of past observations, with the weights declining exponentially as the observations get older.

Mean Absolute Deviation

A measure of variability that represents the average absolute difference between each data point and the mean of the dataset.

Sales Details

Specific information related to the quantity, price, and attributes of goods or services sold.