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Describe and construct different types of qualitative data graphs,including pie charts,bar charts,and Pareto charts.Explain when these graphs should be used.
Gaming Console Sales
The measure of commercial success for video gaming hardware, indicated by the volume of units sold to consumers.
Exponential Smoothing Model
A time series forecasting technique that applies decreasing weights to past observations for future predictions.
Smoothing Constant
A parameter used in exponential smoothing methods for forecasting, governing the rate at which more recent observations influence forecasts.
Car Sales
Represents the number of automobiles sold within a particular period, often used as an indicator of economic health and consumer behavior.
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