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Each forecast using the method of exponential smoothing depends on all the previous observations in the time series.
Express Contract
A contract in which the terms of the agreement are explicitly stated verbally or in writing.
Implied Contract
a contract formed by the actions, behavior, or circumstances of the parties involved, rather than written or spoken words.
Void Contract
A contract that lacks legal validity, making it unenforceable and as if it never existed from the onset.
Voidable Contract
A valid agreement that may be legally voided at the option of one of the parties due to certain conditions such as fraud or duress.
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