Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-free association
Double Exponential Smoothing Model
A forecasting technique that applies exponential smoothing twice to account for trends in time series data.
Trend
The pattern or trajectory of changes and developments observed over time in data or events.
Seasonality
The characteristic of a time series in which the data experiences regular and predictable changes that recur every calendar year.
Exponential Smoothing
A method used in forecasting time series data, focusing on univariate statistics by applying weights that exponentially lower for past data points.
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