Examlex
A _____ is a formal and repeated behavior in which the members of a group regularly engage.
Indicator Variable
A variable used in statistical models that takes on the value of 0 or 1 to indicate the absence or presence of some categorical effect or feature.
Smoothing Constant
A parameter used in exponential smoothing methods to adjust the level of smoothing applied to time series data, influencing the weight given to recent versus older observations.
Mean Absolute Deviation
The average of the absolute differences between each data value and the mean of the data set, measuring variability.
Forecast Error
The difference between the actual value and its forecasted value in a time series analysis.
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