Describe each variable in your two models (don’t forget to describe the dependent variable), and offer a brief hypothesis of how you expect the independent variables will affect average shipping costs. Pay close attention to the specifics of how your variables are measured. Your variable descriptions and hypotheses should include some discussion of the differences between your two models.

1) Your group should specify two different shipping costs models, with each one using a different measure of quantity. The remaining independent variables can remain the same.

2) Describe each variable in your two models (don’t forget to describe the dependent variable), and offer a brief hypothesis of how you expect the independent variables will affect average shipping costs. Pay close attention to the specifics of how your variables are measured. Your variable descriptions and hypotheses should include some discussion of the differences between your two models.

3) Offer a justification for using company money to pay you to complete the model estimations. You can treat this like an “elevator pitch”, that is, assume you happen to get on the elevator with the CEO and you have one minute to explain why the company should pay you to do this research.

This is good practice for improving your sales pitch delivery, answers to job interview questions, and general communication skills. Your answer should not be too long (about one minute or one paragraph), so choose your words wisely. Your response should address the big picture while also providing enough specifics to entice the listener to want to know more. This section of your response can really benefit from collaborative editing, feedback, and re-writing within your group. Clarity and precision of language is difficult to achieve on the first draft, so please work together on this section. Be courteous to each other, and remember that constructive criticism and feedback can be helpful and should not be intended or taken as a personal attack.