Examlex
Analyze Figure 7.6, In the text What can be concluded from these data?
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.
Mean Absolute Deviation
A statistical measure that quantifies the average absolute deviation of data points from their mean, used to gauge variability within a dataset.
Forecast Error
The difference between the actual value and the value predicted by a forecasting model.
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