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The exponential smoothing model produces a naïve forecast when the smoothing constant,α,is equal to
Textile Artisan
A skilled craftsperson who creates art or products using textiles (fabrics), employing various techniques like weaving, knitting, and sewing.
Wealthy Landowner
An individual with significant property and land assets, often implying a high socioeconomic status.
Mass Education
The provision and system of education designed to reach large numbers of people, generally through a public schooling system.
Industrialization
The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.
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