Examlex
What does it mean if two variables are independent? If two variables are related?
Trend Component
An underlying pattern in a time series data set that shows the direction and pace at which the series values change over time.
Exponentially Smoothed Values
Values obtained using exponential smoothing, a technique to forecast data by giving more weight to recent observations.
Motor Oil Sales
The commercial activity of selling oil used for lubricating the engines of vehicles.
Exponentially Smoothed Sales
A forecasting technique that applies weighting factors which decrease exponentially over time, used to smooth time series data.
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