Simple exponential smoothing provides a forecast based on a weighted average of current and past values.

Name: Simple exponential smoothing provides a forecast based on a weighted average of current and past values.
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Simple exponential smoothing uses a weighted average of current and past values to provide a forecast. The weights decrease exponentially as the values get farther from the present, giving more weight to recent data.

Simple Exponential Smoothing Provides a Forecast Based on a Weighted