Examlex
The "R" in the common safety acronym RACE used to describe the employee's expected response to a fire means :
Moving Average Model
A statistical method used in forecasting that calculates the average of a series of data points over specific intervals to smooth out short-term fluctuations.
Seasonal Indices
Factors used to adjust data to compensate for predictable fluctuations that occur regularly within a specific period, such as monthly or quarterly.
MAD
Acronym for Mutual Assured Destruction, a doctrine of military strategy and national security policy which posits that a full-scale use of nuclear weapons by two or more opposing sides would cause the complete annihilation of both the attacker and the defender.
Naive Forecast
A forecasting method that assumes future values will be the same as the most recent actual value, used as a baseline for more complex forecasts.
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