Examlex
The value of the smoothing constant alpha in an exponential smoothing model is between 0 and 1.
Federally Declared Disaster Area
An area officially designated by the Federal Emergency Management Agency (FEMA) where significant damage has occurred due to natural or man-made disasters, making it eligible for federal aid.
Casualty Loss
A loss resulting from a sudden, unexpected, or unusual event such as a natural disaster, theft, or accident.
Taxpayer
An individual or entity that is obligated to pay taxes to a federal, state, or local government based on income earned, property owned, or consumption.
Casualty Loss Deduction
A tax deduction that allows taxpayers to deduct losses caused by sudden, unexpected or unusual events such as natural disasters, fires, or thefts.
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