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The Exponential Smoothing Method Weighs All Available Observations in a Time

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The exponential smoothing method weighs all available observations in a time series equally.


Definitions:

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon.

Distribution List

A collection of email addresses used to send communications to a group of people simultaneously, often used in a business or organizational context.

Probability Distribution

A statistical description encompassing all the potential values and their associated chances that a random variable could have within a certain range.

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