A forecasting method that provides more weight to recent data points is
A) the Delphi method.
B) the salesforce composite.
C) exponential smoothing.
D) moving averages.
E) the decomposition method.

Question

Quizplus · Accepted Answer

Exponential smoothing is a forecasting method that assigns more weight to recent data points and less weight to older data points. This is accomplished by giving a higher weight to the most recent observations and gradually decreasing the weights as the observations become older. This technique is particularly useful when there is a need to incorporate new data frequently and is commonly used in time series analysis.

A Forecasting Method That Provides More Weight to Recent Data