Describe Smoothing Techniques for Forecasting Models,including Naive,simple Average,moving Average,weighted Moving

question 11

Essay

Describe smoothing techniques for forecasting models,including naive,simple average,moving average,weighted moving average,and exponential smoothing.

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Definitions:

Principle of Stare Decisis

A legal principle that obligates courts to follow historical case law when making rulings in similar, subsequent cases.

Constitution Act

A fundamental law or set of laws that establishes the structure, functions, and limits of a government.

Common-Law Rule

A common-law rule is a principle or legal doctrine that has developed and been established through traditional court decisions over time, rather than by statutory law.

Court of Appeal

A higher court that reviews the decisions of lower courts, often dealing with appeals on legal issues, procedures, or facts.