In the exponential smoothing approach, an exponentially smaller weight is applied to each demand that occurred farther back in time.
Exponential smoothing is a statistic forecasting method for univariate data that may be extended to support data with a scientific trend or seasonal component.
Exponential smoothing is a rule of thumb technique for smoothing statistic data using the exponential window function. It is a strong forecasting method.
A widely preferred class of statistical techniques and procedures for discrete statistic data, exponential smoothing is employed to forecast the immediate future.
This method supports statistic data with seasonal components, or say, systematic trends where it used past observations to create anticipations.
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Answer: Firms are primarily sellers in the goods and services market and buyers in the labor market.
Explanation: The goods and services are dispensed by the firms in order to make the potential customers pay the fixed prices and buy them. This activity of the firms categorizes them as 'sellers' in the goods and services market. On the other hand, in the labor market, the firms pay a fixed price for the labor to carry out the activities of manufacturing and selling. Hence, in the labor market, firms are categorized as 'buyers'.
Answer:
Explanation:
China, officially the People's Republic of China, is a country in East Asia. It is the world's most populous country, with a population of more than 1.4 billion. Covering an area of approximately 9.6 million square kilometers, it is the world's third or fourth-largest country.
Answer:
Harumi attends a training session at which she learns a great deal, and she does well on a post-training test. However, when she attempts to apply her learning to the job, she finds that she cannot do so effectively. In this case, the training demonstrated good results on the <u>learning</u> criterion and poor results on the <u>behavioral</u> criterion.
Explanation:
Learning criterion is a good predictor of results and a modest criterion for transfer while the behavior criterion is a modest predictor of results.
Learning criterion : opinion of training material (Test)
- Immediate knowledge
- Knowledge retention
- Behavior/skill demonstration
Behavioral criterion : Trainee job performance (ratings)
In this case, the training demonstrated good results on the <u>learning</u> criterion and poor results on the <u>behavioral</u> criterion.