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TABLE 16-6
-Referring to Table 16-6, use the Holt-Winters method of fitting wine sales to compute the smoothed level and trend with a smoothing constant of 0.2 for both level and trend.
Cultural Relativists
Individuals or theorists who believe that the values and standards of cultures differ and deserve respect, arguing that no one culture's ethics or practices are superior to another's.
Multiculturalism
A social and political philosophy or policy that emphasizes the respect, acceptance, and preservation of cultural diversity within a society.
Principle of Utility
A principle in ethics and moral philosophy that actions are right if they are useful or for the benefit of a majority.
Utilitarians
Proponents of the ethical theory of utilitarianism, which proposes that the best action is the one that maximizes utility, typically defined as maximizing happiness and reducing suffering.
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