Examlex
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Mean Absolute Deviation
The average of the absolute differences between each data point and the mean of the data set.
Root Mean Square Error
A measure of the differences between values predicted by a model and the values actually observed, expressed as the square root of the mean of these differences squared.
Seasonal Effect
A pattern observed in time-series data where changes occur at regular intervals due to seasonal factors.
Delphi Method
A structured communication technique, originally developed as a systematic, interactive forecasting method which relies on a panel of experts.
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