Question: Briefly explain the difference between descriptive, predictive, and prescriptive models. Give two types of models typically used for each. Explain the meaning of,, andin exponential

Briefly explain the difference between descriptive, predictive, and prescriptive models. Give two types of models typically used for each.

Explain the meaning of,, andin exponential smoothing.Are all three always used in time series analysis?Explain

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