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During which centuries did Bentham and Mill publish their utilitarian theories?
Exponential Smoothing
A statistical technique for forecasting where recent observations are given progressively higher weights, reducing the importance of older data.
Forecast Error
The difference between the actual demand and the forecasted demand, indicating the accuracy of forecasting methods.
Moving Average
A statistical method used to analyze data points by creating a series of averages of different subsets of the full data set.
Excel Function
A predefined formula in Microsoft Excel that performs calculations using specific values in a particular order.
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