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The following questions refer to the excerpt below.
"The Cigar Manufacturers' Association had declared that under no circumstances would any leaders of the strike be employed for at least six months.As a consequence,for nearly four months I was out of employment.I had parted with anything of value in the house,and my wife and I were everyday expecting a newcomer in addition to the five children we already had.My family helped in every way possible…Blacklisted,I desperately sought employment…Once I was ready to commit murder. All the children were ill…"
Samuel Gompers,"Strike Baby",1878
-One underlying cause of the failures of strikes in this era was the
Exponential Smoothing
A technique used in time series forecasting that applies decreasing weights to past data, giving more importance to more recent observations.
Stationary Time Series
A type of time series data where statistical properties such as mean and variance are constant over time.
Price/Pound
Price per pound is a unit of measurement for cost relative to weight, commonly used to express the cost of goods sold by weight.
Forecast
A prediction or estimate of future events, especially regarding weather or economic conditions.
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