Our objective in exponential forecasting is to choose the value of alpha that results in the best forecasts.

Question

Quizplus · Accepted Answer

Exponential forecasting methods involve selecting the value of alpha, which controls the weight given to historical observations, in order to generate the best forecasts. The objective is to find the value of alpha that results in the most accurate forecasts for a given time series.

Our Objective in Exponential Forecasting Is to Choose the Value