Examlex

Solved

In the Context of Software, _____ Is Designed for a Specific

question 72

Multiple Choice

In the context of software, _____ is designed for a specific industry or profession.


Definitions:

Correlated

The relationship between two or more variables where a change in one variable is associated with a change in another.

Exponential Smoothing

A statistical technique used in time series analysis to smooth data points and forecast future values, giving more weight to recent observations.

α

In inventory management and forecasting, α represents the smoothing constant used in exponential smoothing models, crucial for adjusting response rate to demand changes.

Historical Demand

Past data on customer purchases used for analyzing trends to forecast future demand.

Related Questions