The Number of Tourists in a Small Town at Time

question 171

Multiple Choice

The number of tourists in a small town at time t (in years) is modeled by . What is the decay factor?

• A) 95
• B) 0.05
• C) 5
• D) 0.95
• E) 250

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Definitions:

Double Moving Average Model

A forecasting technique that utilizes two moving averages of a time series to identify trends by signaling when the averages cross each other.

Time Series

A sequence of data points, typically consisting of successive measurements made over a time interval.

Trend

A general direction in which something is developing or changing over time.

Moving Average

A statistical measure to smooth out short-term fluctuations and highlight longer-term trends or cycles in data.