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TABLE 16-5
The number of passengers arriving at San Francisco on the Amtrak cross-country express on 6 successive Mondays were: 60, 72, 96, 84, 36, and 48.
-Referring to Table 16-5, exponentially smooth the number of arrivals using a smoothing constant of 0.25.
Good Faith
An honest intention to act without taking unfair advantage over another party, reflected in business deals and contracts.
Consequential Damages
Compensation for losses that directly and foreseeably result from the breach of a contract or other wrongful act.
Lost Profits
Damages claimed in a lawsuit representing the profits one would have made but for another party's wrongful act.
Speculative
Involving a high risk of loss but also offering the potential for substantial gains, often based on future expectations rather than current realities.
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