The Type of Corruption in Which Lucrative Jobs and Contracts

question 219

Short Answer

The type of corruption in which lucrative jobs and contracts are bestowed upon those who are the close friends or family members of politicians is known as __________.

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Definitions:

Forecast Accuracy

The degree to which predicted outcomes align with actual results, often used in planning and decision-making processes.

Adaptive Smoothing

An approach to exponential smoothing forecasting in which the smoothing constant is automatically changed to keep errors to a minimum.

Bias

A forecast that is consistently higher or consistently lower than actual values of a time series.

Seasonally-Adjusted Sales Forecast

A prediction of future sales that has been modified to account for regular seasonal variations in demand or sales patterns.