Optimizing Last-Mile Delivery Costs with Econometric Insight

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Explore the challenges and solutions in optimizing last-mile delivery costs through the project led by Mohammednur Behru in Econ 3061. Utilizing data from 20 observations, the analysis examines factors such as distance and number of stops impacting delivery costs, which average 4,195 ETB. The initial model showed a significant relationship, with adjustments for driver experience improving the model fit, demonstrating a cost reduction of 95.30 ETB annually. Recommendations for businesses...