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Forecast Error
The difference between the actual outcomes and the predictions made by forecasting models.
Exponential Smoothing
A time series forecasting method for smoothing data points by giving more weight to recent observations while exponentially decreasing the weights for older observations.
Forecast Errors
Discrepancies between the forecasted and actual values in demand forecasting, reflecting the accuracy of predictions.
Time-series Data
A sequence of data points collected or recorded at time-ordered intervals, often used for forecasting or statistical analysis.
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