In the Holt-Winters method of forecasting,which of the following would give more weight to recent trend and less to past trend?
A) Smaller values of V.
B) Larger values of V.
C) Larger values of U.
D) Smaller values of U.

Question

Quizplus · Accepted Answer

In the Holt-Winters method, the parameter V is used to control the weight given to recent trend. Smaller values of V give more weight to recent trend and less weight to past trend. Therefore, the best choice for giving more weight to recent trend is smaller values of V.

In the Holt-Winters Method of Forecasting,which of the Following Would