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Wavelike Pattern
A pattern characterized by cyclic alternations resembling the form of waves, which can occur in various contexts such as data trends or physical phenomena.
Exponential Smoothing
Exponential smoothing is a time series forecasting method for univariate data that applies weighting factors which decrease exponentially over time.
Forecast
A prediction or estimate of future events or trends, often based on current data and analysis.
Random Variation Component
Represents the unpredictable fluctuations that are inherent in a set of data, often modeled as random error in statistical analyses.
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