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If a researcher is using exponential smoothing and determines that the forecast for the next period (Ft + 1) is the weighted average of the actual value for the previous period (Xt) and the forecast value for the previous period (Ft) , with weights of 1 and 3 respectively, then α = ______.
Transferor
The party that transfers rights, property, or interests to another, known as the transferee.
Qualified Endorsement
A clause on a negotiable instrument which limits the liability of the endorser or specifies a particular payee.
Without Recourse
A financial agreement where the seller is not liable to the purchaser for any failure of the assets or obligations sold.
Materially Altered
A change in a document or agreement that significantly affects its terms or conditions.
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