SMOOTHING Definition

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SMOOTHING is a widely used technique in forecasting trends, seasonality and level change, e.g. averaging month-to-month fluctuations. Works well with data that has a lot of randomness.

Learn new Accounting Terms

GMP is either Good Manufacturing Practice(s) or Gross Maximum Price.

DETECTION RISK is the risk that audit procedures will lead to a conclusion that material error does not exist when in fact such error does exist.

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