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Match the Following Word Parts with the Correct Definitions

question 121

Multiple Choice

Match the following word parts with the correct definitions.
-Neck


Definitions:

MAPE

Mean Absolute Percentage Error, a measure used to calculate the accuracy of forecasted values in statistics, expressing error as a percentage.

Double Exponential Smoothing

A forecasting method that applies exponential smoothing twice, useful in capturing trends and seasonality in data.

Exponential Smoothing Model

A forecasting technique that applies decreasing weights to past observations as they recede into the past.

Level Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically denoted as alpha (α).

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