The term exponential smoothing comes from ______.
a. its emphasis on minimizing mean squared error
b. the exponential nature of the weighting scheme used
c. its use in fitting exponential trend lines
d. the nonlinear noise it attempts to remove
Question 2
A payoff
a. is always measured in profit.
b. is always measured in cost.
c. exists for each pair of decision alternative and state of nature.
d. exists for each state of nature.