What Parameters Does the Modeler Have to Select for a Moving

question 33

Essay

What parameters does the modeler have to select for a moving average, a weighted moving average, and exponential smoothing?

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Definitions:

Confidence Interval

A range of values, derived from the sample statistics, within which there is a specified level of confidence where the true parameter lies.

Standard Error

The standard deviation of the sampling distribution of a statistic, typically mean, estimating the variability.

Confidence Interval

A lineup of values, acquired through sample analysis, supposed to include the unascertained value of a population parameter.

Sample

A smaller group chosen from a larger population for the purposes of conducting surveys, observations, or interviews to gather data representative of the whole population.