Examlex
The fact that IQ tests are more appropriate for Caucasian middle-class children than low-income African-American children provide an example of a(n) _____ bias in testing.
Forecasting Method
A process used to predict future values based on past and present data, often utilized in finance, weather prediction, and supply chain management.
Systematic Component
The part of a process or series that can be directly linked to specific casual factors, showing predictable patterns over time.
Random Component
In statistical models, the part of variation that cannot be attributed to any identifiable factors and appears without a discernible pattern.
Trend Corrected Exponential Smoothing
A forecasting technique that adjusts exponential smoothing to account for trends in the data, enhancing prediction accuracy.
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