Examlex
The concentration of DDT in a species of phytoplankton is 12 mg DDT/kg phytoplankton. The concentration of DDT in a fish known to exclusively consume that species of phytoplankton is 150 µg DDT/kg fish. This results in a ratio of the DDT concentration in the fish to DDT concentration in the phytoplankton of 0.0125. Is this an example of biomagnification? Explain why or why not.
Forecast Method
Techniques used to predict future demand, sales, and other business metrics to guide decision-making.
Mean Absolute Deviation
A measure of variability that calculates the average absolute difference between each data point and the mean of a data set.
Tracking Signal
A technique used in forecasting to detect any bias in predicting future outcomes.
Holt's Model
Holt's Model is a forecasting technique that extends exponential smoothing to capture both level and trend in historical data, useful in predicting future values.
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