The Formula That Explains Simple Exponential Smoothing Is

question 89

True/False

The formula that explains simple exponential smoothing is
_t = (1 - α)
_t-1 + αx_t for 0 < α < 1.

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Definitions:

Socially Optimal Level

A state in which resources are allocated in the most efficient way possible, maximizing societal welfare or benefit.

Positive Externalities

Benefits experienced by third-parties or the society at large due to an economic activity, not directly involved in the transaction, such as education or vaccination.

Education

The method of being taught or teaching methodically, particularly in an educational institution like a school or university.

Crime Rates

Crime rates represent the number of crimes reported in a given area or population over a specific time period, often used as an indicator of social stability and safety.