Kyle Is Planning to Take a Roadtrip

question 127

Multiple Choice

Kyle is planning to take a roadtrip.After he makes his plans,he has to make some unexpected auto repairs.Also,he sees the price of gas has gone up.Which of these two events should Kyle consider in deciding if it is still worthwhile to go on the trip?

• A)the unexpected repairs and the increase in the price of gas
• B)the unexpected increase for repairs,but not the increase in the price of gas
• C)the increase in the price of gas,but not the unexpected repairs
• D)neither the unexpected increase in the price of gas nor the unexpected repairs

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Definitions:

Exponential Smoothing

A technique used in time series data to smooth out short-term fluctuations and highlight longer-term trends or cycles.

Time Series Data

Data collected at successive equally spaced points in time, often used to analyze trends, cycles, or seasonal variations.

Exponential Smoothing

A time series forecasting method for univariate data that involves using weighted averages of past observations, with the weights decaying exponentially as the observations get older.

One-Period Ahead Forecasting

A forecasting method that predicts the value of a variable for the next period based on past and current data, often used in time series analysis.