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Holt's Model Differs from Simple Exponential Smoothing in That It

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Holt's model differs from simple exponential smoothing in that it includes a term for


Definitions:

Prejudice

Preconceived opinion that is not based on reason or actual experience; bias against someone or something.

Psychological

Pertaining to the mind or mental processes, often involving the study of behavior and the underlying mental functions.

Social

Relating to society or its organization.

Cultural

Pertaining to the ideas, customs, and social behaviors of a society or group of people.

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