Term

__________ finds the best fit line through a set of data points to minimize the sum of the squared error terms.

Definition

Linear regression

Term

______________ forecasts adapt quickly to a true change in mean demand whereas ______________ forecasts are better able to ignore temporary fluctuations in the demand pattern.

Definition

Responsive; stable

Term

If the ___________ falls outside 4, we should review the forecast for potential bias.

Definition

Tracking signal