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Explain How Software as a Service (SaaS) Works

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Explain how software as a service (SaaS) works.


Definitions:

Mean Square Error

A measure of the average of the squares of the errors or deviations, indicating the difference between the estimators and what is estimated.

Mean Absolute Percentage Error

A measure used to predict accuracy in statistics, expressing the average absolute difference between observed and forecasted values as a percentage.

Holt-Winters Multiplicative Model

A forecasting technique that accounts for seasonality, trend, and error in time series data, using multiplicative methods to adjust for these components.

Double Moving Average Model

A forecasting technique that utilizes two moving averages of a time series to identify trends by signaling when the averages cross each other.

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