Examlex
If the random variability in a time series is great and exponential smoothing is being used to forecast, then a high alpha ( ) value should be used.
Strict Liability
Strict liability is a legal doctrine that holds a party responsible for their actions or products, without the plaintiff having to prove negligence or fault.
Just Society
A societal ideal where individuals receive fair treatment and an impartial share of benefits.
Tort Law
The area of law that covers most civil suits, except breach of contract, focusing on personal injuries and damages to property.
Tort
An act that is not criminal but leads to harm or loss for the victim, thereby making the perpetrator legally responsible under tort law.
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