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In an attempt to become more environmentally conscious, a woman changes her lifestyle. She begins to grow the majority of her own food in her yard without using pesticides or synthetic fertilizers, she walks rather than taking the car for trips shorter than 5 kilometers, and she uses solar and wind for her power. By taking these actions, she is
Exponential Smoothing Model
A time-series forecasting method for univariate data that applies exponentially decreasing weights to past observations.
Smoothing Constant
A parameter used in exponential smoothing techniques to weight the importance of historical data, controlling the rate at which past data influences forecasts.
Sales Forecast
An estimate of the amount of sales a company expects to achieve over a certain period of time, based on historical data, market analysis, and other factors.
Root Mean Square Error
It is a measure used to assess the differences between values predicted by a model or an estimator and the observed values.
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