Examlex
You have collected information on the consumption by the 15 largest coffee-consuming nations.Which of the following is the best for presenting the shares of the consumption?
Weighted Average Model
A calculation that assigns different weights to various data points or elements, providing a means to account for their varying levels of importance.
Exponential Smoothing Constant
A parameter in exponential smoothing methods for forecasting that controls the degree to which recent observations are weighted more heavily than older observations.
Exponential Smoothing Model
A time series forecasting method that applies weighted averages of past observations, giving greater weight to more recent data, to predict future values.
Mean Absolute Percentage Error
A measure used to evaluate the accuracy of forecasting models, expressing the average absolute percent error between predicted and observed values.
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