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Forecasting Technique
Methods or models used to estimate future values based on historical data, trends, and patterns.
Mean Absolute Deviation
A measure of the average absolute differences between each number in a set of values and the mean of the values.
Forecast Accuracy
The degree to which predicted outcomes align with actual results, often used in planning and decision-making processes.
Adaptive Smoothing
An approach to exponential smoothing forecasting in which the smoothing constant is automatically changed to keep errors to a minimum.
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