A Software Program That Searches the Web for the Best

question 2

Multiple Choice

A software program that searches the Web for the best price for a particular item that you wish to purchase is called ______________.

• A) a shopping bot
• B) the extranet
• C) a wireless setup
• D) an internet auction

---

Definitions:

Exponential Smoothing

A forecasting technique that applies decreasing weights to past observations, with the most recent observations receiving the most weight.

Smoothing Constant

A parameter used in exponential smoothing models to weigh the significance of the most recent observation in forecasting.

Time Series

Time Series refers to a sequence of data points collected or recorded at successive times, often at regular intervals.

Exponential Smoothing

A time series forecasting method for univariate data that applies decreasing weights over time.