How Can Error Measures Be Used to Determine the Number

question 27

Essay

How can error measures be used to determine the number of periods to use in a moving average? What are you
assuming about the future when you make this choice?​

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Definitions:

Probability

A measure of the likelihood that an event will occur.

Mutually Exclusive

Events or propositions that cannot both occur or be true at the same time.

P(A)

The probability of event A occurring in a given statistical experiment or context.

P(B)

Symbolically represents the probability of occurrence of event B in a statistical context.