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Industrial Engineering

Electronic Theses and Dissertations

2021

Machine learning

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Machine Learning Models For Lodi Indices., Lucas A. Bruns Aug 2021

Machine Learning Models For Lodi Indices., Lucas A. Bruns

Electronic Theses and Dissertations

Two indices published monthly by the Logistics and Distribution Institute (LoDI) predict changes in logistics and distribution activity levels nationally and regionally and are useful for organizations when planning projects and expenses. This research validates the current linear regression model, updates the index conversion method, and introduces machine learning models.

New source data are introduced to the models to validate the current linear regression model and a comparative analysis verifies that the current source data are robust. A rolling average is used for index conversion in place of a fixed reference month to reflect recent changes in employment levels.

Three …