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The Terms Design and Composition Include The

question 8

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The terms design and composition include the:


Definitions:

Exponential Smoothing

A time series forecasting method for univariate data that applies smoothing factors to make forecasts.

Smoothing Constant

A parameter used in exponential smoothing forecasting methods to control the rate at which older observations are dampened.

Forecasted Value

A prediction or estimate of a future value based on historical data and analysis.

Indicator Variables

Variables used in statistical models that take a value of 1 to indicate the presence of a particular condition or characteristic and 0 to indicate the absence.

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