Using the Following Information

question 73

Essay

Using the following information,
a)which method is more efficient,Method A or Method B?
b)which method is more efficient,Method A or Method C?

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Definitions:

Game Sales

The total revenue generated from the sale of video games within a specific timeframe.

Weighted Average Model

A mathematical method that calculates the mean of a set of numbers, where some numbers contribute more significantly to the final average due to their respective weights.

Exponential Smoothing Model

A time series forecasting method that applies weighting factors which decrease exponentially to past observations.

Simple Exponential Smoothing

A time series forecasting method for univariate data that uses a weighted average of past observations, with the weights declining exponentially as the observations get older.