Examlex
A graph with a positive slope indicates that the variables depicted on the axes move in the same directions.
Forecast Error
The difference between the actual value and the predicted value in a forecast, indicating the accuracy of the forecasting process.
Weighting Scheme
A method of assigning different weights or importance to various elements or criteria in order to calculate a composite score or make decisions.
Exponential Smoothing
A technique used in time-series analysis to smooth data and forecast by giving greater weight to more recent observations.
Exponential Smoothing Forecast
A time series forecasting method that applies decreasing weights to older data.
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