Examlex
Enrollment in a particular class for the last four semesters has been 120, 126, 110, and 130 (listed from oldest to most recent) .Develop a forecast of enrollment next semester using exponential smoothing with an alpha = 0.2.Assume that an initial forecast for the first semester was 120 (so the forecast and the actual were the same) .
"Rent-a-Judge"
A private adjudication service where parties in a dispute pay for a retired judge or private arbitrator to resolve their case outside of the public court system.
Dispute Resolution
The procedure for resolving disagreements or conflicts between parties, which can include negotiation, mediation, or arbitration.
Mediation
A form of dispute resolution where a neutral third party (mediator) helps the disputing parties come to a mutually acceptable agreement.
Arbitration
A form of alternative dispute resolution where a neutral third party, known as an arbitrator, makes decisions to resolve a dispute outside of court.
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