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Term for Identification: Great Leap Forward

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Term for identification: Great Leap Forward


Definitions:

Trend Component

An underlying pattern in data that shows a persistent, general direction of movement over time.

Simple Exponential Smoothing

A time series forecasting method for univariate data that applies decreasing weights to past observations as they age.

Mean Absolute Deviation

A statistical measure of the dispersion or variability in a data set, calculated as the average distance between each data point and the mean of the data set.

Mean Squared Error

A measure of the average of the squares of the errors or deviations, that is, the difference between the estimator and what is estimated.

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