If Some Term in a Contract Is Unclear or in Dispute

question 70

True/False

If some term in a contract is unclear or in dispute, the courts are instructed by the CISG to look to industry or trade practices for guidance.

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Definitions:

Exponential Smoothing

A forecasting technique for single-variable data that uses exponentially diminishing weights for previous observations.

Time Series

A sequence of numerical data points in successive order, usually occurring in uniform intervals over time.

Moving Averages

A statistical technique used to analyze time series data by calculating averages of different subsets of the complete dataset to identify trends.

Time Series

A series of data points, usually made up of consecutive observations recorded during a period of time.