Examlex
The maximum amount of water vapor that a definable body of air can hold at a given temperature
Holt's Model
A forecasting technique that extends exponential smoothing to allow forecasting of data with a trend.
Trend Component
An underlying pattern in data that shows a persistent, general direction of movement over time.
Simple Exponential Smoothing
A time series forecasting method for univariate data that applies decreasing weights to past observations as they age.
Mean Absolute Deviation
A statistical measure of the dispersion or variability in a data set, calculated as the average distance between each data point and the mean of the data set.
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