Examlex
The speedometer of an automobile reads
Industrial Lathe Sales
The measure of the quantity of industrial lathes sold within a specific period; pertains to transactions in the manufacturing sector.
MAPE
Mean Absolute Percentage Error, a measure used to calculate the accuracy of forecasted values in statistics, expressing error as a percentage.
Double Exponential Smoothing
A forecasting method that applies exponential smoothing twice, useful in capturing trends and seasonality in data.
Exponential Smoothing Model
A forecasting technique that applies decreasing weights to past observations as they recede into the past.
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