Examlex
The rules of evidence
Mean Absolute Deviation
A measure of dispersion in a data set, calculated as the average of the absolute differences between each value and the mean.
Forecast
A prediction or estimate of future events or trends, particularly in weather, economics, or business.
Error
A mistake in coding, logic, calculation, or the understanding of a system that leads to unexpected and usually undesirable outcomes.
Exponential Smoothing
Exponential smoothing is a time series forecasting method for univariate data that can be used to predict short-term trends by applying smoothing constants to past observations.
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