Exponential smoothing is poor for medium- and long-range forecasts.

Name: Exponential smoothing is poor for medium- and long-range forecasts.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Exponential smoothing is a short-term forecasting technique and may not effectively capture long-term trends or seasonality. It may also be sensitive to outliers and sudden changes in the data. Other forecasting methods, such as trend analysis or time series analysis, may be more appropriate for medium- and long-range forecasts.

Exponential Smoothing Is Poor for Medium- and Long-Range Forecasts