Exponential smoothing allows a forecast to put greater or less weight on certain data points.

Name: Exponential smoothing allows a forecast to put greater or less weight on certain data points.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Exponential smoothing uses a smoothing factor to determine how much weight to give to recent data points compared to older ones. This allows for flexibility in adjusting the forecast based on the importance of certain data points.

Exponential Smoothing Allows a Forecast to Put Greater or Less