We can conduct forecasting for short-term periods. However, if it contains an unsystematic/random fluctuation, we need to smooth our data. There are two (simple) smoothing methods, what are they?
We can conduct forecasting for short-term periods. However, if it contains an unsystematic/random fluctuation, we need to smooth our data. There are two (simple) smoothing methods, what are they?
Chapter4: Linear Functions
Section: Chapter Questions
Problem 8PT: Does Table 1 represent a linear function? If so, finda linear equation that models the data.
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Time series data usually shows a pattern, which is caused by a systematic and unsystematic pattern.
![We can conduct forecasting for short-term periods. However, if it contains an unsystematic/random fluctuation, we need to smooth our data. There are two (simple)
smoothing methods, what are they?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbe5e255a-2235-4630-a6e1-507feefa0bce%2F158649dc-2f11-405f-86c3-3eb0629c5944%2Fxg3oil_processed.jpeg&w=3840&q=75)
Transcribed Image Text:We can conduct forecasting for short-term periods. However, if it contains an unsystematic/random fluctuation, we need to smooth our data. There are two (simple)
smoothing methods, what are they?
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