Examlex
This figure shows the main subdivisions of the geologic timescale. Which of these is the Cenozoic?
Forecast Error
The variance between what actually happens and the forecasts from prediction models.
Expected Value
Expected value is a concept in probability that calculates the average outcome when the future involves scenarios that may or may not happen.
Moving Average Forecast
A method used in time series analysis to smooth out short-term fluctuations and highlight longer-term trends or cycles.
Observable Trend
A pattern, change, or movement in data or events that can be detected and analyzed through observation.
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