IDs and Paired-Concept Questions

question 12

Short Answer

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
-Shock therapy,gradualist approach

---

Definitions:

Smoothing Constant

A parameter used in exponential smoothing methods to apply different weights to past observations, typically ranging between 0 and 1.

Exponential Smoothing Model

A time series forecasting method for univariate data that applies exponentially decreasing weights over past observations.

Forecast

A prediction or estimate of future events, especially regarding weather or economic trends.

Sales Details

Information and data related to the sales performance of products or services, including quantities sold, revenue generated, and trends over time.