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Tony is a junior prosecutor. His senior prosecutor, Brent, suggested Tony and the paralegal borrow points from another case with a similar background. The reasoning Brent gave is that it is easier to convince the jurors, and the judge too will consider the ruling of that case, thereby increasing their chances of winning. What kind of reasoning did Brent give?
Random Variation
The inherent unpredictability in the outcomes of a process, often analyzed in statistical contexts to understand or model data.
Cyclical Effect
A pattern of fluctuations in a time series that corresponds to cycles in the broader economy, often related to business or economic conditions lasting more than a year.
Exponential Smoothing
A time series forecasting method for univariate data that applies smoothing factors to make forecasts.
Smoothing Constant
A parameter used in exponential smoothing forecasting methods to control the rate at which older observations are dampened.
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