If a time series has a trend and no seasonality,the double exponential smoothing model is the most appropriate model to be used for forecasting.

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Quizplus · Accepted Answer

The double exponential smoothing model, also known as Holt's method, is designed to address time series with trend but no seasonality. It uses two smoothing parameters, one for the level and one for the trend, and is effective in capturing gradual changes in the data. Therefore, it is the most appropriate model to use for forecasting in this scenario.

If a Time Series Has a Trend and No Seasonality,the